IPO - DUOS TECHNOLOGIES GROUP, INC.

Form Type: 424B5

Filing Date: 2025-04-14

Corporate Action: Ipo

Type: New

Accession Number: 000107997325000637

Filing Summary: Duos Technologies Group, Inc. is engaging in an at-the-market offering of its common stock under a Sales Agreement with Ascendiant Capital Markets, LLC, with an aggregate offering value of up to $8,850,000. This strategy follows the rules set out in General Instruction I.B.6 of Form S-3, which caps sales at one-third of the market value of its public float. As of February 14, 2025, Duos reported a public float of approximately $49.1 million, allowing them to sell up to $16.35 million worth of shares within the next twelve months. The offering is intended to augment working capital and support general corporate purposes. The shares will be sold in a manner consistent with standard trading practices and ACM is not obligated to sell a specific amount. The compensation for sales made under this agreement will be up to 3% on proceeds. The document includes potential risks for investors, including immediate dilution of share value. It details the companies' growth trajectory, recent market expansions, and new technological developments in the rail and AI sectors, emphasizing the importance of new revenue streams and strategic consultancy roles in energy solutions.