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.

The AMA, announced on November 20, 2024, encompasses the deployment and operation of a fleet of 30 mobile gas-powered turbines and associated balance-of-plant inventory, collectively capable of generating 850 megawatts of power, which have been acquired by funds managed by affiliates of Fortress Investment Group.

The assets will be managed in partnership with affiliates of Fortress, and are immediately deployable, providing a fast-track solution to meet the urgent energy demands of data centers and other industries.

The transaction was finalized on December 31, 2024, following the fulfilment of customary closing conditions and regulatory approvals.

Fortress has entered into this strategic agreement with Duos Energy Corporation, whose leadership includes the former executive management team of APR Energy – from which the Assets were acquired. 

Duos Energy will oversee the management and deployment of the mobile gas-powered turbine fleet to meet growing energy demands across critical sectors, including Data Centres such as those deployed by subsidiary Duos Edge AI as well as emergency power solutions.

Further solidifying this partnership, Duos has secured a 5% equity stake in the parent of the owner of the assets. This equity position reflects Duos’ integral role in the commercialization, operation and management of these critical power assets.

“Our customers are looking for flexible and dependable energy options as they build out critical infrastructure,” said Chuck Ferry, chief executive officer of Duos Technologies. “These assets, coupled with our operational excellence, provide a pathway to meet these demands without the delays or constraints of traditional energy sources.”

This agreement strengthens Duos’ strategic focus on addressing the evolving power needs of data centres, industrial facilities, and international energy markets.

Duos Energy is in active discussions with U.S.-based data centre developers and international energy projects for immediate deployment of the turbines. 

The company’s mission is to deliver agile and scalable energy solutions, supporting its customers’ growth while building out a robust energy business aligned with Duos’ long-term vision.