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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Thu., Feb. 27, 2:56 PM

Slide #16. Duos Technologies Group, Inc. Secondary Offering

Company: Duos Technologies Group, Inc. (NASDAQ:DUOT)
Date announced: 2/12/2020
Shares Offered: 1,350,000
Date of Pricing: 2/12/2020
Price Per Share: $6.00
Secondary Offering Details: Duos Technologies Group, Inc. (NASDAQ:DUOT) ("Duos" or the "Company"), a provider of intelligent analytical technology solutions, today announced the pricing of an underwritten public offering of 1,350,000 shares of common stock at an offering price of $6.00 per share for aggregate gross proceeds of $8,100,000, prior to deducting underwriting discounts, commissions and other offering expenses. The common stock has been approved to list on the Nasdaq Capital Market under the symbol DUOT and is expected to begin trading on February 13, 2020. The Company intends to use the net proceeds from this offering to research and development activities, sales and marketing, and for general working capital purposes. The Company has also granted the underwriters a 45-day option to purchase up to an additional 202,500 shares of common stock. The offering is expected to close on February 18, 2020, subject to customary closing conditions.

Duos Technologies Group, through its subsidiary, Duos Technologies, Inc. (duostech), is engaged in the design and deployment of artificial intelligence driven intelligent technologies systems. duostech's Internet Protocol is built upon two of its technology platforms (praesidium® and centraco®), both distributed as licensed software suites, and embedded within engineered turnkey systems. praesidium® is a modular suite of analytics applications which process and simultaneously analyze data streams from sensors and/or data points. centraco® is a user interface that includes the functionalities of a Physical Security Information Management system and Enterprise Information System.
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Company Name: 
Duos Technologies Group Inc
Website: 
www.duostech.com
Sector: 
Application Software
 

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