Jul. 31 at 2:51 AM
$DUOT Duos Technologies Group, Inc. Announces Pricing of
$40 Million Upsized and Oversubscribed Public Offering of Common Stock
Duos Technologies priced an upsized public offering of 6.67M shares at
$6.00, raising ~
$40M in gross proceeds. The deal was oversubscribed and saw participation from top-tier institutional investors, including a major long-only mutual fund. With the new capital, Duos is fully funded to execute its
$50M revenue pipeline and deploy 65 additional Edge Data Centers. A 30-day option for 838K more shares was also granted to underwriters.