Duos Technologies Group, Inc. Announces Pricing of $65 Million Public Offering of Common Stock
Rhea-AI Summary
Duos Technologies (Nasdaq: DUOT) priced an underwritten public offering of 8,666,666 shares for approximately $65 million gross proceeds, with a 30-day overallotment option for up to 1,299,999 shares. Closing is expected on or about March 2, 2026, subject to customary conditions.
According to the company, net proceeds will fund expansion and commercialization of its Edge Data Center business, plus working capital and general corporate purposes; Titan Partners is sole bookrunner.
Positive
- $65M gross proceeds expected from offering
- Net proceeds designated to expand Edge Data Center business
- Sole bookrunner Titan Partners engaged for distribution
Negative
- Issuance of 8,666,666 shares creates potential shareholder dilution
- Underwriters hold 1,299,999-share overallotment option (up to ~15%)
- Offering not closed; subject to customary closing conditions
Key Figures
Market Reality Check
Peers on Argus
Momentum scanner shows 3 peers (e.g., SSTI, EXFY, HIT) also moving down, with sector summary citing a median move of -5.6%, pointing to broader sector pressure alongside this offering.
Previous Offering Reports
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jul 30 | Equity offering priced | Negative | -10.1% | Priced $40M upsized common stock offering with over-allotment option. |
| Jul 30 | Equity offering proposed | Negative | -10.1% | Proposed underwritten common stock offering to fund EDC expansion plans. |
Prior common stock offerings tagged as similar events saw average next-day moves of about -10.09%, indicating historically dilutive financings have coincided with notable pressure.
Over the past several months, Duos has paired rapid Edge Data Center expansion with repeated equity financings. A $40 million upsized offering on Jul 30, 2025 funded Stage 2 EDC plans and coincided with a -10.09% move. Subsequent announcements highlighted strong 2025 revenue growth of $28.0 million and multiple EDC deployments in Texas and beyond. Today’s $65 million underwritten offering, also aimed at expanding and commercializing the EDC business, fits this pattern of funding growth via common stock issuance.
Historical Comparison
In the past year, Duos announced 2 equity offerings tagged as similar events, with an average next-day move of -10.09%. This new $65M raise continues the pattern of using common stock financings to fund Edge Data Center growth.
The company has repeatedly used underwritten common stock offerings to advance its multi-stage Edge Data Center strategy and broader digital infrastructure repositioning.
Regulatory & Risk Context
An effective Form S-3 shelf filed on 2026-02-11 permits up to $250,000,000 of securities, with the current underwritten common stock deal executed via a 424B5 prospectus supplement, indicating active use of this financing capacity.
Market Pulse Summary
This announcement details a $65,000,000 underwritten public offering of 8,666,666 common shares, plus an over-allotment option, executed under a $250,000,000 Form S-3 shelf. Proceeds are earmarked to expand and commercialize Duos’ Edge Data Center business and for general purposes. Historically, similar offerings averaged -10.09% next-day moves, so investors may watch execution of growth plans, future use of the shelf, and revenue and loss trends around the EDC rollout.
Key Terms
underwritten public offering financial
over-allotments financial
shelf registration statement regulatory
form s-3 regulatory
prospectus supplement regulatory
AI-generated analysis. Not financial advice.
JACKSONVILLE, Fla., Feb. 26, 2026 (GLOBE NEWSWIRE) -- Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT), a leading provider of adaptive, modular, and scalable Edge Data Center (“EDC”) solutions, today announced the pricing of its underwritten public offering of 8,666,666 shares of its common stock for total gross proceeds of approximately
The net proceeds from the offering will be used to expand, accelerate, and further commercialize the Company’s Edge Data Center business and for working capital and general corporate purposes.
Titan Partners, a division of American Capital Partners, is acting as the sole bookrunner for the offering.
The offering is being made pursuant to a shelf registration statement on Form S-3 (File No. 333-293372) filed with the Securities and Exchange Commission (“SEC”) on February 11, 2026, and declared effective by the SEC on February 12, 2026. A preliminary prospectus supplement and accompanying prospectus relating to the offering have been filed with the SEC and are available on the SEC’s website at www.sec.gov. A final prospectus supplement will be filed with the SEC. Copies of the final prospectus supplement and accompanying prospectus relating to the offering, when available, may also be obtained by contacting Titan Partners Group LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 49th Floor, New York, NY 10007, by phone at (929) 833-1246 or by email at prospectus@titanpartnersgrp.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities nor will there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.
About Duos Technologies Group, Inc.
Duos Technologies Group, Inc. (Nasdaq: DUOT), based in Jacksonville, Florida, through its wholly owned subsidiaries, Duos Technologies, Inc., Duos Edge AI, Inc., and Duos Energy Corporation, designs, develops, deploys and operates intelligent technology solutions for Machine Vision and Artificial Intelligence (“AI”) applications including real-time analysis of fast-moving vehicles, Edge Data Centers, and power consulting. For more information, visit www.duostech.com, www.duosedge.ai and www.duosenergycorp.com.
Forward-Looking Statements
This news release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, regarding, among other things our expectations regarding the completion, terms, size, and timing of the public offering, and with respect to granting the underwriters a 30-day option to purchase additional shares, in addition to our plans, strategies and prospects -- both business and financial. Although we believe that our plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions or expectations. Forward-looking statements are inherently subject to risks, uncertainties and assumptions. Many of the forward-looking statements contained in this news release may be identified by the use of forward-looking words such as "believe," "expect," "anticipate," "should," "planned," "will," "may," "intend," "estimated," and "potential," among others. Important factors that could cause actual results to differ materially from the forward-looking statements we make in this news release include risks and uncertainties related to completion of the public offering on the anticipated terms or at all, market conditions and the satisfaction of customary closing conditions related to the public offering and those set forth in reports or documents that we file from time to time with the United States Securities and Exchange Commission. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law. All forward-looking statements attributable to Duos Technologies Group, Inc. or a person acting on its behalf are expressly qualified in their entirety by this cautionary language.
This press release was published by a CLEAR® Verified individual.
Contacts Corporate Fei Kwong VP, Investor Relations and Corporate Communications Duos Technologies Group, Inc. (Nasdaq: DUOT) +1.904.652.1625 | DUOT@duostech.com Duos Edge AI Media Contact iMiller Public Relations +1.914.315.6424 | duosedge@imillerpr.com
FAQ
What did Duos Technologies (DUOT) announce on February 27, 2026 about a public offering?
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