Duos Technologies Group, Inc., a provider of adaptive, modular, and scalable Edge Data Center (“EDC”) solutions, has closed its underwritten public offering of 8,666,666 shares of common stock for total gross proceeds of approximately $65 million, before deducting underwriting discounts, commissions, and offering expenses.
The offering included participation from several of the Company’s largest existing institutional shareholders alongside new institutional investors.
The financing positions the Company to capitalize on its approximately $200 million NVIDIA GPU hosting letter of intent with Hydra Host under the leadership of Doug Recker, who will become Chief Executive Officer effective April 1, 2026. The closing of the offering occurred on March 2, 2026.
“This financing represents a strong vote of confidence from both new and existing investors, as well as our new strategic partner Hydra Host, in Duos’ leadership, strategy and growth trajectory,” said Mr. Recker. “With this capital now secured, we can pursue our $200 million LOI, while accelerating the commercialization of our high-power EDC business model. We are expanding our Edge AI platform, advancing hyperscaler-aligned AI infrastructure initiatives, and positioning the Company to scale toward our 2026 objectives. Demand for distributed AI compute and GPU capacity continues to build, and we believe Duos is strategically positioned to convert that demand into sustained revenue growth and long-term shareholder value.”
The net proceeds from the offering will be used to expand, accelerate, and further commercialize the Company’s Edge Data Center business and for working capital and general corporate purposes.
Titan Partners, a division of American Capital Partners, acted as the sole bookrunner for the offering. The public offering was made pursuant to a shelf registration statement on Form S-3 (File No. 333-293372) filed with the Securities and Exchange Commission (“SEC”) on February 11, 2026, and declared effective by the SEC on February 12, 2026.
The public offering was made only by means of a preliminary prospectus supplement and a final prospectus supplement and the accompanying base prospectus that form a part of the registration statement.
