Duos Technologies Acquires Georgia Data Center for $15M Cash + Up to $15M Earnout

summarizeSummary

Duos Technologies acquired a data center property in Georgia for $15 million cash plus a contingent earnout note of up to $15 million, with the seller able to take stock at $10.50/share.

check_boxKey Events · M&A and Partnerships · DUOT

• Data Center Property Acquired

  A building and land in Columbus, Georgia were purchased for $15 million in cash, intended for use as a data center.

• Contingent Earnout Note Up to $15M

  A Seller Contingent Earnout Note was issued with three milestones: $5 million per additional 5 MW of power capacity delivered, up to $15 million total over three years.

• Stock Payment Option at Premium

  After December 14, 2026, the seller may elect to receive milestone payments in restricted common stock at $10.50 per share, a premium to the current $8.18 price.

• Strategic Expansion Context

  This follows a $111 million colocation deal and $98.1 million debt facility, as Duos rapidly deploys capital for GPU-as-a-Service infrastructure.

auto_awesomeAnalysis · DUOT · Technology

To secure a physical site for its GPU-as-a-Service expansion, Duos Technologies is buying a data center property in Columbus, Georgia for $15 million in cash and a contingent earnout note of up to $15 million tied to power capacity milestones. The earnout structure means the total cost could reach $30 million if all milestones are met. Notably, the seller can opt to take milestone payments in restricted stock at $10.50 per share, which is above the current $8.18 price, potentially signaling confidence in the property's value. This move follows a series of aggressive capital raises and a recent $111 million colocation deal, showing the company is rapidly deploying capital to build out its AI infrastructure footprint.