Duos Technologies Group, Inc. announced on July 30, 2025, the pricing of its upsized and oversubscribed underwritten public offering of 6,666,667 shares of common stock at $6.00 per share. The offering is expected to close on or about August 1, 2025.
With over $40 million in cash now expected on the balance sheet, Duos is fully capitalized to fulfill its $50 million revenue pipeline. This funding will advance the deployment of 65 additional Edge Data Centers, moving into Stage 2 of its EDC strategy.
The offering saw primary participation from fundamental institutional investors, including a leading long-only mutual fund and several preeminent global investment managers. CEO Charles Ferry stated that this commitment reflects confidence in Duos’s future and the transformational growth positioned to be unlocked.
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