What is the $9.9 million escrow related to Duos Technologies’ APR investment?

Approximately $9.9 million from the New APR asset sale was placed in escrow for Duos. This covers its pro rata share of any indemnity and similar obligations owed to the purchaser. Any escrow funds remaining after 12 months will be distributed back to Duos Technologies.

Duos Technologies receives $50.4 million from APR sale

Duos Technologies Group, Inc. reported that substantially all assets of New APR Energy, LLC, in which it indirectly held a 5% non-voting ownership interest through Sawgrass APR Holdings, LLC, were sold to a third party as of May 26, 2026.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Duos Technologies Group, Inc. reported that substantially all assets of New APR Energy, LLC, in which it indirectly held a 5% non-voting ownership interest through Sawgrass APR Holdings, LLC, were sold to a third party as of May 26, 2026. In connection with this sale, Duos received net proceeds of approximately $50.4 million. An additional approximately $9.9 million was placed in escrow for the company’s pro rata share of any indemnity or similar obligations under the asset purchase agreement, with any remaining funds to be released to Duos after 12 months.

Positive

Duos Technologies received approximately $50.4 million in net proceeds from the sale of New APR Energy’s assets, with a further $9.9 million potentially payable after 12 months, materially strengthening its cash position.

Negative

None.

Insights

Duos receives a large cash inflow from sale of its APR stake.

Duos Technologies holds a 5% non-voting interest in Sawgrass APR Holdings, the ultimate parent of New APR Energy. When substantially all New APR assets were sold on May 26, 2026, Duos became entitled to a portion of the sale proceeds.

The company reports net proceeds of approximately $50.4 million, plus about $9.9 million held in escrow against its pro rata indemnity and similar obligations. Any escrow balance remaining after 12 months will be distributed to Duos, so the final benefit depends on future claims under the asset purchase agreement.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

Key Figures

Net proceeds received: $50.4 million Escrow amount: $9.9 million Ownership interest: 5% non-voting +2 more

5 metrics

Net proceeds received $50.4 million Net proceeds to Duos from New APR asset sale

Escrow amount $9.9 million Held in escrow for indemnity and similar obligations

Ownership interest 5% non-voting Duos’ ownership in Sawgrass APR Holdings, LLC

Escrow period 12 months Remaining escrow funds distributed to Duos after this period

Asset sale date May 26, 2026 Date when substantially all New APR assets were sold

Key Terms

non-voting ownership interest, escrow, indemnity, asset purchase agreement, +1 more

5 terms

non-voting ownership interest financial

"owns a 5% non-voting ownership interest in Sawgrass APR Holdings, LLC"

escrow financial

"An additional amount of approximately $9.9 million was retained in escrow"

A neutral third party holds money, documents, or assets until both sides in a transaction meet agreed conditions, like a safety deposit box that only opens when everyone fulfills the rules. For investors, escrow reduces risk and increases certainty by ensuring payments or shares are released only when contractual steps are completed, which affects deal timing, legal protection, and the likelihood that a transaction will close as planned.

indemnity financial

"in connection with the Company’s pro rata portion of any indemnity and other similar obligations"

An indemnity is a contractual promise to pay for losses, damages, or legal costs someone else may incur, essentially a guarantee to pick up the bill if something goes wrong. For investors, indemnities matter because they create potential future cash outflows or protections against costly risks — like a backup payer that can shift who ultimately bears financial responsibility in transactions, lawsuits, or product failures.

asset purchase agreement financial

"obligations that may be owed to the purchaser under the asset purchase agreement"

An asset purchase agreement is a legal contract in which a buyer agrees to buy specific assets and contracts of a business rather than buying the company’s stock or ownership. It matters to investors because it determines exactly what is being bought and what liabilities stay behind — like buying the furniture and equipment from a store but not the building or past debts — which affects the deal’s value, taxes and future risk exposure.

emerging growth company regulatory

"Emerging growth company"

An emerging growth company is a recently public or smaller public firm that qualifies for temporary, lighter regulatory and disclosure rules to reduce the cost and effort of being public. For investors, it means the company may provide less historical financial detail and face fewer reporting requirements than larger firms, so it can grow more quickly but also carries higher uncertainty—like buying a promising early-stage product with fewer user reviews.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What transaction did Duos Technologies Group, Inc. (DUOT) report on May 26, 2026?

Duos reported that substantially all assets of New APR Energy, LLC were sold to a third party. Duos indirectly held a 5% non-voting interest through Sawgrass APR Holdings, LLC, entitling it to a share of the sale proceeds from this asset transaction.

How much cash did Duos Technologies (DUOT) receive from the New APR asset sale?

Duos received net proceeds of approximately $50.4 million from the sale of substantially all assets of New APR Energy, LLC. This amount reflects the company’s entitlement based on its 5% non-voting ownership interest in Sawgrass APR Holdings, LLC, New APR’s ultimate parent company.

How is Duos Technologies’ ownership in New APR Energy structured?

Duos holds a 5% non-voting ownership interest in Sawgrass APR Holdings, LLC, the ultimate parent of New APR Energy, LLC. This indirect, non-voting stake means Duos participates economically in transactions like the asset sale but does not control voting decisions at New APR.

When will Duos Technologies know the final amount received from the APR asset sale?

Duos has already received approximately $50.4 million in net proceeds, with about $9.9 million held in escrow. The final total depends on indemnity and similar claims. Any remaining escrow funds after 12 months will be distributed to Duos Technologies.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 05/28/2026 - 04:01 PM

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

——————

FORM 8-K

——————

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 26, 2026

——————

Duos Technologies Group, Inc.

(Exact name of registrant as specified in its charter)

——————

Florida	001-39227	65-0493217
(State or Other Jurisdiction	(Commission	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

7660 Centurion Parkway, Suite 100, Jacksonville, Florida 32256

(Address of Principal Executive Offices) (Zip Code)

(904) 296-2807

(Registrant’s telephone number, including area code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock (par value $0.001 per share)		DUOT		The Nasdaq Stock Market LLC

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

As previously disclosed, Duos Technologies Group, Inc. (the “Company”), owns a 5% non-voting ownership interest in Sawgrass APR Holdings, LLC, the ultimate parent company of New APR Energy, LLC (“New APR”). As of May 26, 2026, substantially all of the assets of New APR were sold to a third party. As a result of the sale, in connection with its ownership interest the Company received net proceeds of approximately $50.4 million. An additional amount of approximately $9.9 million was retained in escrow in connection with the Company’s pro rata portion of any indemnity and other similar obligations that may be owed to the purchaser under the asset purchase agreement. Any such funds remaining in escrow after 12 months will be distributed to the Company.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.		Description of Exhibit
104		Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	DUOS TECHNOLOGIES GROUP, INC.


Dated: May 28, 2026	By:	/s/ Leah F. Brown
		Leah F. Brown Chief Financial Officer
		Leah F. Brown Chief Financial Officer

Source: View Original Filing on SEC EDGAR

Filing Exhibits & Attachments

3 documents

Duos Technologies receives $50.4 million from APR sale