Form 4: Bleichroeder LP Acquires Series E Convertible Preferred Stock in DUOS Technologies Group, Inc.

Bleichroeder LP, a registered investment advisor, reports the acquisition of Series E Convertible Preferred Stock in DUOS Technologies Group, Inc. on behalf of 21 April Fund, Ltd. and 21 April Fund, LP.

Summary

• On March 22, 2024, 21 April Fund, Ltd. and 21 April Fund, LP purchased an aggregate of 1,000 shares of Series E Convertible Preferred Stock from DUOS Technologies Group, Inc. at $1,000 per share.
• The total purchase amounted to $1,000,000.
• Each share of Series E Convertible Preferred Stock can be converted into common stock at a conversion price of $3.00.
• The conversion is subject to a beneficial ownership limitation of 19.99% of the outstanding common stock after the conversion.
• Bleichroeder LP serves as the registered investment advisor for 21 April Fund, Ltd. and 21 April Fund, LP.

Sentiment

Score: 6

Explanation: The sentiment is neutral as it primarily reports a transaction. The investment itself is a positive sign, but the filing is a standard regulatory requirement.

Positives

• The investment by 21 April Fund, Ltd. and 21 April Fund, LP represents a capital infusion into DUOS Technologies Group, Inc.

Risks

• The conversion of preferred stock to common stock is subject to a beneficial ownership limitation, which could restrict the extent of conversion.

Future Outlook

The filing does not contain specific forward-looking statements regarding DUOS Technologies Group, Inc.'s future performance.

Management Comments

• Bleichroeder LP disclaims beneficial ownership of these securities except to the extent of their pecuniary interest therein.

Industry Context

This transaction reflects ongoing investment activity in technology companies, with investors seeking opportunities in firms with growth potential.

Stakeholder Impact

• The investment could positively impact shareholders by providing additional capital for the company's operations and growth.

Key Dates