DUET Acquisition Corp. announced the pricing of its $75 million IPO and its units are expected to begin trading on the NASDAQ under the symbol “DUETU” Thursday, January 20.
The new SPAC intends to focus its search on disruptive change-maker technology enterprises that are capitalizing on the digital shift. These “enabling technology companies” encompass a wide spectrum of capabilities from holistic e-commerce, fintech, and big data analytics to robotic process automation. DUET is led by Larry Gan Nyap Liou, the Company’s Chairman of the Board, and Yeoh Oon Lai and Dharmendra Magasvaran, the Company’s Co-Chief Executive Officers.
Total SPAC deal count for 2022 year-to-date is now 16. This offering is expected to close on Monday, January 24.
EF Hutton, division of Benchmark Investments, LLC, is acting as the sole book running manager for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with McDermott Will & Emery LLPv serving as Underwriter’s Counsel. Adeptus Partners LLC serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
The pace of lock-up expirations is picking up in the final month of the year after a relatively quiet November. Seven de-SPACs and sponsors will be freed to run downstairs and see what the public markets have brought them, but not all are likely to find treats in their wooden clogs. The fastest kid into...
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ClimateRock (NASDAQ: CLRC) announced this morning that it has terminated its business combination with solar plant developer EEW. The SPAC noted that it decided to part ways with its target since the conditions to closing were not satisfied or waived by the outside date of September 30. ClimateRock inked the $650 million deal with EEW in...
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