Form 8-K DUOS TECHNOLOGIES GROUP, For: Aug 05

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Go back to Form 8-K DUOS TECHNOLOGIES GROUP, For: Aug 05

Duos Technologies divests rail unit to firm tied to its CFO

August 11, 2026 4:32 PM EDT

Duos Technologies Group (NASDAQ: DUOT) completed the sale of its legacy rail technology subsidiary, Duos Technologies, Inc. (DTI), to Sandbank Acosta, LLC on August 5, 2026, under a Stock Transfer Agreement effective June 30, 2026.

The purchaser, Sandbank Acosta, is owned 50% by Adrian Goldfarb, the company's Interim Chief Financial Officer, and 50% by Javier G. Acosta, a private investor. The company's Board of Directors reviewed and approved the transaction, which is classified as a... More