Duos Technologies Group, Inc. Announces Underwritten Registered Direct Offering

Duos Technologies Group, Inc. announced an underwritten registered direct offering of 2,000,000 shares of common stock and 3,800,000 Pre-Funded Warrants at a price of $9.50 per share or warrant. The offering is expected to yield approximately $55 million in gross proceeds before expenses. The securities were offered under an effective shelf registration statement on Form S-3. The transaction is expected to close on June 17, 2026. TD Cowen and Cantor acted as bookrunners. The company entered into an underwriting agreement with TD Securities USA LLC, which includes customary representations, warranties, and indemnification clauses. Each Pre-Funded Warrant has an exercise price of $0.001, subject to adjustment, and may be exercised immediately, with a limitation on ownership of 4.99% of common stock, which can be increased to 9.99% with prior notice. In case of a fundamental transaction, the warrant holder is entitled to receive alternative consideration based on the number of shares of common stock. The company also issued a press release regarding the offering.