DUET Acquisition Corp.
DUETU
NASDAQ Global Market11.30
USD
+0.21
- -
CIK
0001890671
ISIN
US26431Q2057
CUSIP
26431Q205
Return %
Stock
S&P500
1Y
5.12
18.21
3Y
13.34
64.38
5Y
13.34
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- Yeoh Oon Lai
- Full Time Employees
- 3
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- V03-11-02, Designer Office Kuala Lumpur Malaysia 55100
- IPO Date
- Jan 20, 2022
- CIK
- 0001890671
- Website
- duet-corp.com
- Similar Companies
- Business
- DUET Acquisition Corp. is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, primarily targeting disruptive opportunities in the technology, healthcare, consumer, and media sectors. Incorporated in 2021 and headquartered at V03-11-02, Designer Office V03, Lingkaran SV, Sunway Velocity, Kuala Lumpur, Malaysia 55100, the company currently conducts no significant operations and maintains its IPO proceeds in trust pending a suitable transaction. Its units (DUETU), consisting of one Class A ordinary share and one redeemable warrant, trade on Nasdaq. The company offers no core products or services beyond its SPAC structure, which facilitates public market access for target entities through a de-SPAC merger process; it focuses on value creation for shareholders via strategic combinations rather than ongoing commercial activities. Recent developments include multiple extensions of its business combination deadline, with deposits into trust such as $40,000 on February 16, 2024, and further amendments pushing potential consummation through January 24, 2025; an announced intent in July 2023 to merge with Singapore-based Fenix 360 Pte Ltd., a social media platform for artists and creators valued at up to $610 million enterprise value, which progressed to a business combination agreement but faced ongoing delays amid extensions from May 2023 through June 2024; termination of a prior merger agreement with AnyTech365; and a Nasdaq delisting notice in August 2024 for failing the minimum public holders rule (requiring 400 holders), granting 45 days to submit a compliance plan with possible 180-day extension or appeal, while considering transfer to Nasdaq Capital Market.
Fenix 360 Pte Ltd. To Go Public Through Merger With DUET Acquisition Corp. to Create a Global Social Media Platform