DUET Acquisition Corp. Announces Termination of Merger Agreement with AnyTech365.
April 06 2023 - 6:50PM
DUET Acquisition Corp. (NASDAQ: DUET, DUETW, DUETU) (“DUET”), a
special purpose acquisition company focused on disruptive
high-growth, middle market technology companies, announced today
that its previously announced business combination agreement and
plan of merger with Anteco Systems, S.L and certain other parties
has been terminated by DUET by written notice to the other parties
thereto. As a result, DUET will seek an alternative business
combination.
About DUET Acquisition
Corp.
DUET Acquisition Corp. is a blank check company,
which was formed to acquire one or more businesses and assets, via
a merger, capital stock exchange, asset acquisition, stock
purchase, and reorganization. DUET was formed to effect a business
combination with middle market “enabling technology” businesses or
assets with a focus on eCommerce, FinTech, Big Data & Analytics
and Robotic Process Automation (RPA).
DUET’s chairman, Larry Gan Nyap Liou has
extensive experience as an active and strategic investor in
eCommerce and digital enterprises. DUET’s Co-CEOs, Dharmendra
Magasvaran and Yeoh Oon Lai have deep experience in consulting,
digital business and operational experience in the consumer
industry respectively.
To learn more, visit www.duet-corp.com.
Forward-Looking Statements
This press release includes certain statements
that are not historical facts but are forward-looking statements
for purposes of the safe harbor provisions under the United States
Private Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as “believe,”
“may,” “will,” “estimate,” “continue,” “anticipate,” “intend,”
“expect,” “should,” “would,” “plan,” “predict,” “potential,”
“seem,” “seek,” “future,” “outlook,” “project,” “anticipate,” “will
likely result” and similar expressions that predict or indicate
future events or trends or that are not statements of historical
matters. All statements, other than statements of present or
historical fact included in this press release, including those
regarding the terms of DUET’s initial business combination and
search for a business combination target. These statements are
based on various assumptions, whether or not identified in this
press release, and on the current expectations of the management of
DUET and are not predictions of actual performance.
Contact:
Larry Gan Nyap LiouChairman of the BoardEmail:
enquiry@duet-corp.comPhone: +60 3-9201 1087/+60 11-5695 7895
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