Duos Technologies Group Announces Pricing of its Public Offering of Common Stock

February 4, 2022

JACKSONVILLE, FL / ACCESSWIRE / February 4, 2022 / Duos Technologies Group, Inc. ("Duos" or the "Company") (NASDAQ:DUOT) through its operating subsidiary Duos Technologies, Inc., a provider of vision based analytic solutions, today announced the pricing of its previously-announced underwritten registered public offering of 1,325,000 shares of its common stock at a public offering price of $4.00 per share. As part of the offering, Duos granted the underwriter a 30-day option to purchase at the public offering price up to an additional 198,750 shares of its common stock to cover over-allotments, if any. All shares of common stock to be sold in the offering are being offered by Duos. Duos expects to close the offering on or about February 8, 2022, subject to the satisfaction of customary closing conditions.