Duos Technologies Group, Inc. (Nasdaq: DUOT) announced the pricing of a public offering of approximately 8.67 million shares of common stock, generating $65 million in gross proceeds. The offering is being managed by Titan Partners as the sole bookrunner and is expected to close on March 2, 2026, subject to customary closing conditions.
The company intends to allocate the capital raised to support expansion initiatives within its Edge Data Center business segment. This offering comes as Duos Technologies continues to scale operations in the data center sector, which has seen increased demand for distributed computing infrastructure.
The announcement follows a period of significant revenue growth for the company. Duos Technologies reported $28 million in revenue for 2025, representing a 288% year-over-year increase from the prior year. The substantial growth trajectory underscores the company's expanding market presence and operational momentum as it pursues its edge data center expansion strategy.