DUOS TECHNOLOGIES GROUP, INC. (DUOT) Form 8-K — Aug 11, 2026
Duos Technologies Group completed the divestiture of Duos Technologies, Inc. (DTI), its legacy rail technology business, selling all DTI shares to Sandbank Acosta, LLC on August 5, 2026, marking the Company's complete exit from the rail technology industry. Deal terms were light on cash consideration: Duos funded $3.5 million into DTI before closing, paid the buyer $1.00 for the shares, and receives a $5,435,403 promissory note bearing 5% simple interest and maturing August 5, 2031, subject to setoff for certain Amtrak-related portal installation costs.
Key figures
- Note Principal
- $5,435,403
- Note Interest Rate
- 5% per annum simple interest
- Note Maturity Date
- August 5, 2031
- Target Cash Funding
- $3,500,000
- Indemnification Basket
- $100,000
- Share Consideration Paid
- $1.00
- Transition Services Period
- through December 31, 2026
- Indemnification Claim Period
- 18 months following closing
- Transition Services Handling Fee
- 5%
Price after filing
Close on the filing date to close N calendar days later (from $8.77). Historical, not a forecast.
AI analysis
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