Duos Technologies Secures $55M From 2M Shares and 3.8M Warrants at $9.50
DUOT•Duos Technologies completed a $55 million registered direct offering by selling 2 million common shares and 3.8 million pre-funded warrants at $9.50 each. The gross proceeds will accelerate commercialization and expansion of its Edge Data Center business and bolster working capital.
1. Offering Details
Duos Technologies sold 2 million common shares and 3.8 million pre-funded warrants at $9.50 per unit in a registered direct offering to a single large institutional investor, generating approximately $55 million in gross proceeds before fees.
2. Use of Proceeds
The company plans to deploy the net proceeds to expand, accelerate and further commercialize its modular Edge Data Center solutions, while also strengthening working capital and supporting general corporate purposes.
3. Bookrunners and Registration
TD Cowen acted as lead bookrunner and Cantor as joint bookrunner on the transaction, which was executed under an effective shelf registration statement on Form S-3 declared effective in February 2026.
