Duos Technologies Group, Inc. announced the acquisition of a building and land in Columbus, Georgia on July 14, 2026, intended for use as a data center. The purchase involved an upfront payment of $15 million in cash and a Seller Contingent Earnout Note that could result in up to an additional $15 million in payments.
Key Details
- Purchase Price: The company paid $15 million in cash for the property.
- Contingent Earnout: The agreement includes a three-year Seller Contingent Earnout Note for up to an additional $15 million, paid in three $5 million increments upon the achievement of specific power delivery milestones (5 MW per milestone).
- Seller Payment Option: The seller has the option, beginning on or after December 14, 2026, to receive milestone payments in the form of restricted common stock at a fixed price of $10.50 per share.