Duos Technologies Group has completed the sale of its rail technology subsidiary, Duos Technologies, Inc. (DTI), to Sandbank Acosta, LLC. The transaction closed on 5 August 2026, with effect as of 30 June 2026. DTI, which operates the largest installed base of Railcar Inspection Portals in North America, will continue as an independent, privately held company under the DuosTI brand. Javier Acosta has been appointed president of the newly independent entity. The sale completes Duos' strategic repositioning announced in March 2026, allowing the company to focus entirely on its Edge Data Centre and AI infrastructure businesses through Duos Edge AI and Duos Technology Solutions. The transaction was reviewed as a related-party deal, as interim CFO Adrian Goldfarb holds a 50% membership interest in the purchasing entity.

Shutts & Bowen represents Duos Technologies Group, Inc. in closing of $55 million registered direct offering. Shutts & Bowen LLP, a full-service business law firm with eight offices across Florida, recently advised Duos Technologies Group, Inc. in its $55 million registered direct offering. Duos, based in Jacksonville, Florida, announced an underwritten registered direct offering that included 2,000,000 shares of common stock in addition to 3,800,000 warrants sold to a single large institutional investor. The net proceeds from the offering will be used to support the expansion, acceleration and commercialization of Duos' Edge Data Center business, as well as for working capital and general corporate needs. Shutts & Bowen's legal team was led by J. Thomas Cookson, a corporate partner in the firm's Miami office, along with attorney Tah'Jai Graves. 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(R)-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. About Tah'Jai M. Graves. Tah'Jai M. Graves is an Associate in the Miami office of Shutts & Bowen LLP, where he is a member of the Corporate Practice Group. Tah'Jai concentrates his practice on corporate matters related to contracts, mergers and acquisitions, corporate governance and general business transactions. Practice areas. Offices. Shutts & Bowen, established in 1910, is a full-service business law firm with approximately 280 lawyers located in eight offices across Florida.