SCHEDULE 13G/A: Bleichroeder Entities Maintain Significant Stake in Duos Technologies Group, Inc. with 19.99% Beneficial Ownership

Bleichroeder LP, Bleichroeder Holdings LLC, and Andrew Gundlach have filed an amendment to their Schedule 13G, reporting a continued beneficial ownership of 19.99% in Duos Technologies Group, Inc.

Summary

• Bleichroeder LP, Bleichroeder Holdings LLC, and Andrew Gundlach collectively reported beneficial ownership of 1,504,934 shares of Duos Technologies Group, Inc. common stock.
• This represents 19.99% of the outstanding common stock of Duos Technologies Group, Inc.
• The reported shares include 1,283,162 shares of Common Stock and 221,772 shares of Series D and Series E Non-Voting Convertible Preferred Stock.
• The conversion of Preferred Stock is subject to a Beneficial Ownership Limitation of 19.99% of the common stock outstanding immediately after conversion.
• Without this limitation, Bleichroeder would beneficially own 5,494,140 shares, representing 47.70% of the outstanding common stock.
• The filing is an Amendment No. 8 to the Schedule 13G, indicating ongoing reporting of their passive investment.

Sentiment

Score: 5

Explanation: Neutral. This is a factual disclosure of beneficial ownership, not a performance or strategic announcement. The information is routine for a Schedule 13G/A amendment.

Positives

• NA

Negatives

• NA

Risks

• NA

Future Outlook

NA

Management Comments

• The reporting persons certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

NA

Stakeholder Impact

• The filing clarifies the significant ownership stake held by Bleichroeder entities and Andrew Gundlach, providing transparency to shareholders and the market regarding a major investor's position.
• The beneficial ownership limitation on preferred stock conversion ensures that the reporting persons' immediate voting power remains below 20%, which could impact perceptions of control for other shareholders.

Next Steps

• NA

Key Dates

Keywords

Duos Technologies Group Inc., Schedule 13G/A, beneficial ownership, Bleichroeder LP, Bleichroeder Holdings LLC, Andrew Gundlach, common shares, preferred stock, SEC filing, institutional ownership