DUOS TECHNOLOGIES GROUP, INC. 8-K

What Happened
DUOS Technologies Group, Inc. announced an underwritten registered direct offering on June 17, 2026 of 2,000,000 shares of common stock and 3,800,000 pre-funded warrants at $9.50 each, for gross proceeds of approximately $55 million (before underwriting discounts, commissions and expenses). The offering is being made under the company’s effective Form S-3 shelf registration (filed Feb 11, 2026) and a prospectus supplement dated June 17, 2026, and is expected to close on June 18, 2026. TD Cowen acted as lead bookrunner and Cantor as joint bookrunner; the underwriting agreement was entered into with TD Securities USA LLC as representative on June 17, 2026.

Key Details

• Securities: 2,000,000 common shares and 3,800,000 pre-funded warrants, offered at $9.50 per share/warrant.
• Gross proceeds: ~ $55 million before fees and expenses. Expected close date: June 18, 2026.
• Pre-Funded Warrants: $0.001 exercise price; exercisable immediately; default ownership cap of 4.99% post-exercise (can be increased to up to 9.99% with 61 days’ prior written notice). Cashless exercise permitted if shares are not registered.
• Underwriting: Agreement dated June 17, 2026 with customary reps, indemnities; legal opinion from Shutts & Bowen LLP and a press release were filed as exhibits.

Why It Matters
This financing will provide DUOS Technologies with near-term cash (approximately $55M gross) to support operations, growth initiatives or balance sheet needs. For investors, the offering may lead to dilution if the pre-funded warrants are exercised (they carry a nominal $0.001 strike and are immediately exercisable subject to ownership caps). The offering was conducted under an existing S-3 shelf, indicating the company had registration capacity to sell these securities quickly.