Duos Technologies Group Announces Proposed Public Offering of Common Stock

February 3, 2022

Jacksonville, FL / Accesswire / February 3, 2022 - Duos Technologies Group, Inc. (“Duos” or the “Company”) (Nasdaq: DUOT) through its operating subsidiary Duos Technologies, Inc., a provider of vision based analytical solutions, today announced that it has commenced an underwritten registered public offering of its common stock. In addition, Duos intends to grant the underwriter for the offering a 30-day option to purchase up to an additional 15% of the shares of its common stock sold in the offering to cover over-allotments, if any. All shares of common stock to be sold in the proposed offering will be offered by Duos. The proposed offering is subject to market and other conditions, and there can be no assurance as to whether or when the offering may be completed, or as to the actual size or terms of the offering.