Shutts & Bowen Facilitates Sale of ATM Offering for Duos Technologies Group, Inc.

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Shutts & Bowen Facilitates Sale of ATM Offering for Duos Technologies Group, Inc.

Shutts & Bowen LLP, a full-service business law firm with eight offices across Florida, recently represented Duos Technologies Group, Inc. in its $7.5 million At the Market (ATM) public offering.

Duos, based in Jacksonville, Florida, trades on the Nasdaq Stock Market.  A prospectus supplement relating to the offering was filed with the Securities and Exchanges Commission on May 17, 2024.  Under the ATM offering, Duos may sell shares from time to time based on market conditions.  Duos will use any proceeds for general corporate purposes and working capital.

Ascendiant Capital Markets LLC served as the Sole Sales Agent on the transaction.

Shutts’ legal team included J. Thomas Cookson, a Corporate partner in the firm’s Miami office.

About J. Thomas Cookson

J. Thomas Cookson is a partner in the Miami office of Shutts & Bowen LLP, where he is a member of the Corporate Practice Group. A Martindale-Hubbell AV®-rated attorney, Tom has been recognized among The Best Lawyers in America since 2009 and included on such lists as the South Florida Legal Guide’s Top Lawyers and South Florida Business Journal’s Best of the Bar. He has more than 30 years of experience structuring and negotiating complex business transactions, mergers and acquisitions, leveraged buyouts, recapitalizations, debt and equity financings, and securities offerings.

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Shutts & Bowen, established in 1910, is a full-service business law firm with approximately 270 lawyers located in eight offices across Florida.

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