Mergers & Acquisitions ·
Duos Technologies Group completed the divestiture of its wholly-owned subsidiary Duos Technologies, Inc., its legacy…
DUOTDuos Technologies Group, Inc.
Duos Technologies Group completed the divestiture of its wholly-owned subsidiary Duos Technologies, Inc., its legacy rail technology business, to Sandbank Acosta, LLC on August 5, 2026. The transaction is a related-party sale, with Sandbank Acosta owned equally by Interim CFO Adrian Goldfarb and private investor Javier G. Acosta. As part of the deal, Duos contributed $3.5 million in cash to DTI and received a $5,435,403 promissory note bearing 5% simple interest, payable on August 5, 2031. This sale marks the company's complete exit from the rail technology industry, allowing it to focus exclusively on edge data center infrastructure and colocation services. The results of DTI will be reported as discontinued operations beginning with the quarter ended June 30, 2026.