Duos Technologies Group, Inc. Acquires Data Center Facility

Duos Technologies Group, Inc. has purchased a building and associated land in Columbus, Georgia, for use as a data center. The acquisition, completed on July 14, 2026, involved a cash payment of $15 million and the issuance of a Seller Contingent Earnout Note. This Note allows for additional payments of up to $15 million, contingent upon the seller achieving specific power capacity milestones within a three-year term. Each milestone is valued at $5 million, tied to the delivery of an additional 5 MW of power capacity above the property's existing 5 MW. Payments can be made in cash or, at the seller's option, in restricted shares of Duos Technologies Group, Inc. common stock at a fixed price of $10.50 per share. The agreement details the terms of the earnout, including conditions for milestone achievement, payment timing, and the option for stock-based compensation, with provisions for anti-dilution adjustments and default remedies.