06/11/2026 | Press release | Distributed by Public on 06/11/2026 06:33
Item 8.01 Other Events
On June 5, 2026, USD.AI ("USD") provided $98.1 million of financing to Duos Edge AI - GPUaaS, LLC ("Edge GPU"), a subsidiary of Duos Technologies Group, Inc. (the "Company"). The asset-based financing is pursuant to a three-year debt facility to support the previously-disclosed deployment of NVIDIA B300 GPUs. The infrastructure will be operated by Edge GPU and managed by Hydra Host, Inc.
The financing will be secured by the GPUs and related equipment owned by Edge GPU, which is a bankruptcy remote special purpose subsidiary. The Company will pledge its equity interest in Edge GPU, but will not be liable under the financing, except in the case of certain specified "bad boy" events. The financing is expected to close upon the delivery and installation of the GPUs, which is expected to occur within the next 30 days.