View Future GrowthThis company listing is no longer activeThis company may still be operating, however this listing is no longer active. Find out why through their latest events.See Latest EventsDUET Acquisition 과거 순이익 실적과거 기준 점검 2/6DUET Acquisition의 연간 평균 수익은 150.1%였으며, Capital Markets 산업의 수익은 연간 6.1% 증가했습니다.핵심 정보150.15%순이익 성장률351.66%주당순이익(EPS) 성장률Capital Markets 산업 성장률10.26%매출 성장률n/a자기자본이익률n/a순이익률n/a최근 순이익 업데이트30 Jun 2024최근 과거 실적 업데이트업데이트 없음모든 업데이트 보기Recent updates공시 • Nov 27DUET Acquisition Corp.(NasdaqGM:DUET) dropped from NASDAQ Composite IndexDUET Acquisition Corp. has been dropped from the NASDAQ Composite Index (^COMP) .공시 • Nov 21DUET Acquisition Corp. Provides Non-Compliance UpdateAs previously disclosed on May 10, 2024, DUET Acquisition Corp. (the Company") received a written notice (the Original Notice") from the Listing Qualifications Department (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, for the last 30 consecutive business days, the Company's Market Value of Listed Securities (MVLS") was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the Market Value Standard"). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (the Total Assets/Total Revenue Standard"). The Original Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the Compliance Period Rule"), the Company has a period of 180 calendar days from the date of the Original Notice, or until November 5, 2024 (the Compliance Date"), to regain compliance with the Market Value Standard. During this period, the Company's securities will continue to trade on The Nasdaq Global Market. If at any time before the Compliance Date the Company's MVLS closes at or above $50 million for a minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it has regained compliance with the Market Value Standard and will close the matter. On November 6, 2024, the Company received a written notice (the Notice") from the Staff that it had not complied with the Market Value Standard prior to the Compliance Date, and that the Nasdaq Hearings Panel (the Panel') will also consider this matter in rendering a determination regarding the Company's continued listing on The Nasdaq Global Market. The Company intends on addressing the issue at the hearing before the Panel.공시 • Nov 19DUET Acquisition Corp. announced delayed 10-Q filingOn 11/18/2024, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Aug 16DUET Acquisition Corp. announced delayed 10-Q filingOn 08/15/2024, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Aug 08DUET Acquisition Receives a Written Notice from the Listing Qualifications Department of the Nasdaq Stock MarketOn August 1, 2024, DUET Acquisition Corp. received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that the Company is not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 total holders for continued listing on the Nasdaq Global Market. An indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com and may be displayed by other third-party providers of market data information, however, the Notice does not impact the listing of the Company’s securities on the Nasdaq Global Market at this time. The Notice states that the Company has 45 calendar days, or September 15, 2024, to submit a plan (the “Company’s Plan”) to regain compliance with the Minimum Public Holders Rule. If the Company is unable to regain compliance by that date, the Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts Company’s Plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not accept the Company’s Plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel. However, there can be no assurance that such an appeal would be successful. The Company, by filing this Current Report Form 8-K, discloses its receipt of the Notice in accordance with Nasdaq Listing Rule 5810(b). The Company intends to monitor its total holders between now and September 15, 2024, and may, if appropriate, evaluate available options to resolve the deficiency under the Minimum Public Holders Rule and regain compliance with the Minimum Public Holders Rule. Additionally, the Company may consider applying to transfer the listing of its securities to the Nasdaq Capital Market (provided that it then satisfies the requirements for continued listing on that market). However, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing criteria.공시 • May 15DUET Acquisition Corp. announced delayed 10-Q filingOn 05/13/2024, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • May 11DUET Acquisition Receives a Written Notice from Nasdaq Regarding Non-Compliance with the Minimum of $50 Million Market Value of Listed Securities Pursuant to Nasdaq Listing Rule 5450(b)(2)(A)On May 6, 2024, DUET Acquisition Corp. (the ‘Company’) received a written notice (the ‘Notice’) from the Listing Qualifications Department (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (‘MVLS’) was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the ‘Market Value Standard’). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (the ‘Total Assets/Total Revenue Standard’). An indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com and may be displayed by other third-party providers of market data information, however, the Notice does not impact the listing of the Company’s securities on The Nasdaq Global Market at this time. The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the ‘Compliance Period Rule’), the Company has a period of 180 calendar days from the date of the Notice, or until November 5, 2024 (the ‘Compliance Date’), to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Global Market. If at any time before the Compliance Date the Company’s MVLS closes at or above $50 million for a minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it has regained compliance with the Market Value Standard and will close the matter. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel (the ‘Panel’). However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by the Staff to the Panel, such appeal would be successful. The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. Additionally, the Company may consider applying to transfer the listing of its securities to The Nasdaq Capital Market (provided that it then satisfies the requirements for continued listing on that market). However, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing criteria.New Risk • Aug 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$81.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$3.2m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (US$81.4m market cap).공시 • Jul 07DUET Acquisition Corp. (NasdaqGM:DUET) signed a binding letter of intent to acquire Fenix 360 Pte Ltd. for $600 million.DUET Acquisition Corp. (NasdaqGM:DUET) signed a binding letter of intent to acquire Fenix 360 Pte Ltd. for $600 million on July 6, 2023. The transaction will be financed using the $86.25 million IPO which DUET Acquisition raised in January 2022. DUET may also seek additional equity financing from PIPE investors. The completion of the transaction will be subject to, among other matters, regulatory review by the SEC/Nasdaq and receipt of any required regulatory approvals, the completion of due diligence, the negotiation of a Definitive Agreement, satisfaction of the conditions negotiated therein and requisite approval of the transaction by the board and stockholders of DUET and Fenix and other customary closing conditions that are mutually agreed. The consideration form the transaction will be used to pay the unpaid expenses, including transaction expenses, deferred IPO fees and deferred advisor fees, and obligations owed to the Sponsor of DUET and the remaining cash will be used for working capital and general corporate purposes.공시 • May 16DUET Acquisition Corp. announced delayed 10-Q filingOn 05/15/2023, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.공시 • Jul 27Anteco Systems, S.L. entered into a definitive agreement to acquire DUET Acquisition Corp. (NasdaqGM:DUET) in a reverse merger agreement.Anteco Systems, S.L. entered into a definitive agreement to acquire DUET Acquisition Corp. (NasdaqGM:DUET) in a reverse merger agreement on July 25, 2022. The business combination values Anteco Systems at a $200 million (MYR 890 million) enterprise value. After closing, Anteco Systems expects to trade on NASDAQ under ticker symbol ANYT. The transaction, which has been unanimously approved by the Boards of Directors of AnyTech365 and DUET, is subject to approval by DUET’s shareholders and other customary closing conditions, including the receipt of certain regulatory approvals. The Transaction is expected to be completed in the fourth quarter of 2022. Anteco Systems intends to use the proceeds from the transaction to accelerate its growth strategy, including expanding its core business to meet increased demand, accelerating its strategic partnership with Media Markt, and pursuing strategic acquisitions. Riveron is serving as financial advisor to Anteco Systems and Arthur Cox LLP is serving as legal counsel on the transaction. Nelson Mullins Riley & Scarborough LLP is serving as legal counsel to DUET.Seeking Alpha • Jul 25AnyTech365 agrees to go public through SPAC DUET AcquisitionIT security and services firm AnyTech365 agreed to a deal to go public through a combination with SPAC DUET Acquisition Corp. (NASDAQ:DUET) The combined company will have an enterprise value of $200 million and a pro forma market cap of $287 million, according to a statement. The transaction will provide a minimum of $77.1 million of net proceeds to the company after payment of transaction expenses, assuming no redemptions. The deal is expected to close in Q4 and AnyTech365 expects to trade on NASDAQ under ticker symbol ANYT. Founded in 2014, Marbella, Spain-based AnyTech365 offers subscription-based Technical Support as a Service, covering everything from IoT home devices to PC and software related issues. Recall January, Tech-focused SPAC DUET Acquisition priced $75M IPO.Seeking Alpha • May 31DUET Acquisition Pursues Enabling Technology Company After IPODUET Acquisition Corp. went public in January 2022, raising $86 million gross proceeds in a U.S. IPO. The SPAC seeks to merge with an 'enabling technology' company in a variety of potential industries with operations outside of China. DUET's leadership appears capable, but they have no prior SPAC success, and it's difficult to determine which industry they will focus on. I'm on Hold for DUET at this time.매출 및 비용 세부 내역DUET Acquisition가 돈을 벌고 사용하는 방법. 최근 발표된 LTM 실적 기준.순이익 및 매출 추이NasdaqGM:DUET 매출, 비용 및 순이익 (USD Millions)날짜매출순이익일반관리비연구개발비30 Jun 24001031 Mar 24002031 Dec 23003030 Sep 23002030 Jun 23002031 Mar 23001031 Dec 220010양질의 수익: DUET는 고품질 수익을 보유하고 있습니다.이익 마진 증가: 지난 1년 동안 DUET의 이익률이 개선되었는지 판단하기에 데이터가 부족합니다.잉여현금흐름 대비 순이익 분석과거 순이익 성장 분석수익추이: 지난 5년 동안 DUET의 연간 수익 성장률이 양(+)이었는지 판단하기에 데이터가 부족합니다.성장 가속화: DUET의 지난해 수익 성장률을 5년 평균과 비교하기에 데이터가 부족합니다.수익 대 산업: DUET의 지난 1년 수익 증가율(150.1%)은 Capital Markets 업계의 36.1%를 상회했습니다.자기자본이익률높은 ROE: DUET의 부채가 자산을 초과하여 자본 수익률을 계산하기 어렵습니다.총자산이익률투하자본수익률우수한 과거 실적 기업을 찾아보세요7D1Y7D1Y7D1YDiversified-financials 산업에서 과거 실적이 우수한 기업.View Financial Health기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2024/11/27 08:41종가2024/11/21 00:00수익2024/06/30연간 수익2023/12/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스DUET Acquisition Corp.는 0명의 분석가가 다루고 있습니다. 이 중 0명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.
공시 • Nov 27DUET Acquisition Corp.(NasdaqGM:DUET) dropped from NASDAQ Composite IndexDUET Acquisition Corp. has been dropped from the NASDAQ Composite Index (^COMP) .
공시 • Nov 21DUET Acquisition Corp. Provides Non-Compliance UpdateAs previously disclosed on May 10, 2024, DUET Acquisition Corp. (the Company") received a written notice (the Original Notice") from the Listing Qualifications Department (the Staff") of The Nasdaq Stock Market LLC (Nasdaq") notifying the Company that, for the last 30 consecutive business days, the Company's Market Value of Listed Securities (MVLS") was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the Market Value Standard"). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (the Total Assets/Total Revenue Standard"). The Original Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the Compliance Period Rule"), the Company has a period of 180 calendar days from the date of the Original Notice, or until November 5, 2024 (the Compliance Date"), to regain compliance with the Market Value Standard. During this period, the Company's securities will continue to trade on The Nasdaq Global Market. If at any time before the Compliance Date the Company's MVLS closes at or above $50 million for a minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it has regained compliance with the Market Value Standard and will close the matter. On November 6, 2024, the Company received a written notice (the Notice") from the Staff that it had not complied with the Market Value Standard prior to the Compliance Date, and that the Nasdaq Hearings Panel (the Panel') will also consider this matter in rendering a determination regarding the Company's continued listing on The Nasdaq Global Market. The Company intends on addressing the issue at the hearing before the Panel.
공시 • Nov 19DUET Acquisition Corp. announced delayed 10-Q filingOn 11/18/2024, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Aug 16DUET Acquisition Corp. announced delayed 10-Q filingOn 08/15/2024, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Aug 08DUET Acquisition Receives a Written Notice from the Listing Qualifications Department of the Nasdaq Stock MarketOn August 1, 2024, DUET Acquisition Corp. received a written notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the Company that the Company is not in compliance with Listing Rule 5450(a)(2), which requires the Company to have at least 400 total holders for continued listing on the Nasdaq Global Market. An indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com and may be displayed by other third-party providers of market data information, however, the Notice does not impact the listing of the Company’s securities on the Nasdaq Global Market at this time. The Notice states that the Company has 45 calendar days, or September 15, 2024, to submit a plan (the “Company’s Plan”) to regain compliance with the Minimum Public Holders Rule. If the Company is unable to regain compliance by that date, the Company intends to submit a plan to regain compliance with the Minimum Public Holders Rule within the required timeframe. If Nasdaq accepts Company’s Plan, Nasdaq may grant the Company an extension of up to 180 calendar days from the date of the Notice to evidence compliance with the Minimum Public Holders Rule. If Nasdaq does not accept the Company’s Plan, the Company will have the opportunity to appeal the decision in front of a Nasdaq Hearings Panel. However, there can be no assurance that such an appeal would be successful. The Company, by filing this Current Report Form 8-K, discloses its receipt of the Notice in accordance with Nasdaq Listing Rule 5810(b). The Company intends to monitor its total holders between now and September 15, 2024, and may, if appropriate, evaluate available options to resolve the deficiency under the Minimum Public Holders Rule and regain compliance with the Minimum Public Holders Rule. Additionally, the Company may consider applying to transfer the listing of its securities to the Nasdaq Capital Market (provided that it then satisfies the requirements for continued listing on that market). However, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing criteria.
공시 • May 15DUET Acquisition Corp. announced delayed 10-Q filingOn 05/13/2024, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • May 11DUET Acquisition Receives a Written Notice from Nasdaq Regarding Non-Compliance with the Minimum of $50 Million Market Value of Listed Securities Pursuant to Nasdaq Listing Rule 5450(b)(2)(A)On May 6, 2024, DUET Acquisition Corp. (the ‘Company’) received a written notice (the ‘Notice’) from the Listing Qualifications Department (the ‘Staff’) of The Nasdaq Stock Market LLC (‘Nasdaq’) notifying the Company that, for the last 30 consecutive business days, the Company’s Market Value of Listed Securities (‘MVLS’) was below the minimum of $50 million required for continued listing on The Nasdaq Global Market pursuant to Nasdaq Listing Rule 5450(b)(2)(A) (the ‘Market Value Standard’). The Staff also noted that the Company does not meet the requirements under Nasdaq Listing Rule 5450(b)(3)(A) (the ‘Total Assets/Total Revenue Standard’). An indicator will be displayed with quotation information related to the Company’s securities on NASDAQ.com and NASDAQTrader.com and may be displayed by other third-party providers of market data information, however, the Notice does not impact the listing of the Company’s securities on The Nasdaq Global Market at this time. The Notice provided that, in accordance with Nasdaq Listing Rule 5810(c)(3)(C) (the ‘Compliance Period Rule’), the Company has a period of 180 calendar days from the date of the Notice, or until November 5, 2024 (the ‘Compliance Date’), to regain compliance with the Market Value Standard. During this period, the Company’s securities will continue to trade on The Nasdaq Global Market. If at any time before the Compliance Date the Company’s MVLS closes at or above $50 million for a minimum of 10 consecutive business days as required under the Compliance Period Rule, the Staff will provide written notification to the Company that it has regained compliance with the Market Value Standard and will close the matter. If the Company does not regain compliance with the Market Value Standard by the Compliance Date, the Staff will provide a written notification to the Company that its securities are subject to delisting. At that time, the Company may appeal the Staff’s delisting determination to a Hearings Panel (the ‘Panel’). However, there can be no assurance that, if the Company receives a delisting notice and appeals the delisting determination by the Staff to the Panel, such appeal would be successful. The Company intends to monitor its MVLS between now and the Compliance Date, and may, if appropriate, evaluate available options to resolve the deficiency under the Market Value Standard and regain compliance with the Market Value Standard. Additionally, the Company may consider applying to transfer the listing of its securities to The Nasdaq Capital Market (provided that it then satisfies the requirements for continued listing on that market). However, there can be no assurance that the Company will be able to regain or maintain compliance with Nasdaq listing criteria.
New Risk • Aug 20New minor risk - Market cap sizeThe company's market capitalization is less than US$100m. Market cap: US$81.4m This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Negative equity (-US$3.2m). Revenue is less than US$1m. Minor Risks Less than 3 years of financial data is available. Market cap is less than US$100m (US$81.4m market cap).
공시 • Jul 07DUET Acquisition Corp. (NasdaqGM:DUET) signed a binding letter of intent to acquire Fenix 360 Pte Ltd. for $600 million.DUET Acquisition Corp. (NasdaqGM:DUET) signed a binding letter of intent to acquire Fenix 360 Pte Ltd. for $600 million on July 6, 2023. The transaction will be financed using the $86.25 million IPO which DUET Acquisition raised in January 2022. DUET may also seek additional equity financing from PIPE investors. The completion of the transaction will be subject to, among other matters, regulatory review by the SEC/Nasdaq and receipt of any required regulatory approvals, the completion of due diligence, the negotiation of a Definitive Agreement, satisfaction of the conditions negotiated therein and requisite approval of the transaction by the board and stockholders of DUET and Fenix and other customary closing conditions that are mutually agreed. The consideration form the transaction will be used to pay the unpaid expenses, including transaction expenses, deferred IPO fees and deferred advisor fees, and obligations owed to the Sponsor of DUET and the remaining cash will be used for working capital and general corporate purposes.
공시 • May 16DUET Acquisition Corp. announced delayed 10-Q filingOn 05/15/2023, DUET Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.
공시 • Jul 27Anteco Systems, S.L. entered into a definitive agreement to acquire DUET Acquisition Corp. (NasdaqGM:DUET) in a reverse merger agreement.Anteco Systems, S.L. entered into a definitive agreement to acquire DUET Acquisition Corp. (NasdaqGM:DUET) in a reverse merger agreement on July 25, 2022. The business combination values Anteco Systems at a $200 million (MYR 890 million) enterprise value. After closing, Anteco Systems expects to trade on NASDAQ under ticker symbol ANYT. The transaction, which has been unanimously approved by the Boards of Directors of AnyTech365 and DUET, is subject to approval by DUET’s shareholders and other customary closing conditions, including the receipt of certain regulatory approvals. The Transaction is expected to be completed in the fourth quarter of 2022. Anteco Systems intends to use the proceeds from the transaction to accelerate its growth strategy, including expanding its core business to meet increased demand, accelerating its strategic partnership with Media Markt, and pursuing strategic acquisitions. Riveron is serving as financial advisor to Anteco Systems and Arthur Cox LLP is serving as legal counsel on the transaction. Nelson Mullins Riley & Scarborough LLP is serving as legal counsel to DUET.
Seeking Alpha • Jul 25AnyTech365 agrees to go public through SPAC DUET AcquisitionIT security and services firm AnyTech365 agreed to a deal to go public through a combination with SPAC DUET Acquisition Corp. (NASDAQ:DUET) The combined company will have an enterprise value of $200 million and a pro forma market cap of $287 million, according to a statement. The transaction will provide a minimum of $77.1 million of net proceeds to the company after payment of transaction expenses, assuming no redemptions. The deal is expected to close in Q4 and AnyTech365 expects to trade on NASDAQ under ticker symbol ANYT. Founded in 2014, Marbella, Spain-based AnyTech365 offers subscription-based Technical Support as a Service, covering everything from IoT home devices to PC and software related issues. Recall January, Tech-focused SPAC DUET Acquisition priced $75M IPO.
Seeking Alpha • May 31DUET Acquisition Pursues Enabling Technology Company After IPODUET Acquisition Corp. went public in January 2022, raising $86 million gross proceeds in a U.S. IPO. The SPAC seeks to merge with an 'enabling technology' company in a variety of potential industries with operations outside of China. DUET's leadership appears capable, but they have no prior SPAC success, and it's difficult to determine which industry they will focus on. I'm on Hold for DUET at this time.