Jul. 21 at 2:10 AM
$DUOT new filing today…
IMO they are going to take advantage of their strong interest + connections + experience… everything that they’ve built so far already had a customer for it. They’re not building stuff and hoping somebody comes along and grabs it…
On July 14, 2026, Duos Technologies Group, Inc. (the “Company”) purchased a building and related land (collectively, the “Property”) in Columbus, Georgia for use as a data center. The purchase price of the Property was
$15 million in cash and the issuance of a Seller Contingent Earnout Note (the “Note”). The Note has a three-year term and provides that the Company will make payments to the seller solely upon the achievement of certain specified milestones. For each additional 5 MW of power delivered by or on behalf of the seller above the amount available to the Property at closing, the Company will pay the seller
$5 million. There are three milestones in the Note, so that it allows for a maximum payout of
$15 million. If any milestone is not achieved by the end of the three-year term, no payment will be made with regard to that milestone. At the seller’s option, at any time on or after December 14, 2026, a milestone payment may be made in restricted shares of the Company’s common stock, par value
$0.001 per share, at a fixed price through the term of
$10.50 per share.
https://ir.duostechnologies.com/sec-filings/all-sec-filings#%23document-17738-0001079973-26-000961-2
