--- schema_version: "secwatch.filing_event.v1" accession: "0001493152-23-013363" form_type: "8-K" ticker: null cik: "0001890671" company_name: "DUET Acquisition Corp." filed_at: "2023-04-24T23:59:59+00:00" generated_at: "2026-06-16T19:41:34.602151+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # DUET extends business combination deadline to May 24, 2023; holders redeem 3.58M shares for $37.2M ## Summary - Stockholders approved charter and trust amendments enabling up to nine one-month extensions at $175K per extension. - First extension deposited $175K, moving deadline from April 24 to May 24, 2023. - Holders of 3,580,986 public shares redeemed at ~$10.38/share, aggregating ~$37.2 million. - Trust account balance after redemptions and extension payment is approximately $52.4 million. - Prior extension cost was $862.5K for 3 months; new structure reduces cost per month. ## SEC filing metadata - accession: 0001493152-23-013363 - form_type: 8-K - cik: 0001890671 - company_name: DUET Acquisition Corp. - filed_at: 2023-04-24T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 1.01, 5.03, 2.03, 3.03, 5.07, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/0001493152-23-013363-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/form8-k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001493152-23-013363 - JSON: https://secwatch.observer/filing/0001493152-23-013363.json - Plain text: https://secwatch.observer/filing/0001493152-23-013363.txt ## Key facts - Governance Changes DUET Acquisition Corp.: Approved charter amendment to extend the termination date from April 24, 2023 to January 24, 2024, with nine monthly extensions and sponsor deposit requirements (effective 2023-04-20). - Change: charter amendment - Effective: 2023-04-20 source text: The Charter Amendment allows the Company to extend the Termination Date from April 24, 2023 to January 24, 2024, or such earlier date as determined by the board of directors, pursuant to nine one-month extensions, provided that (i) DUET Partners, LLC, the Company’s sponsor (the “ Sponsor ”), or its affiliates or permitted designees deposit into the Trust Account the lesser of (x) $175,000 or (y) $0.055 per share for each public share that was not redeemed in connection with the Special Meeting for each such one-month extension (each an “ Extension ”) by the applicable deadline, unless the closing of the Company’s initial business combination shall have occurred, in exchange for a non-interest bearing, unsecured promissory note payable upon consummation of a business combination and (ii) the procedures relating to any such Extension, as set forth in the Trust Agreement, as amended by the Trust Amendment, shall have been complied with. evidence_url: https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/0001493152-23-013363-index.htm - Material Agreements DUET Acquisition Corp. amended Investment Management Trust Agreement with Continental Stock Transfer & Trust Company valued at Extension of trust account liquidation date to January 24, 2024, with depositing of lesser of $175,0 (effective 2023-04-19). - Action: amendment - Counterparty: Continental Stock Transfer & Trust Company - Value: Extension of trust account liquidation date to January 24, 2024, with depositing of lesser of $175,0 - Effective: 2023-04-19 source text: Amendment of Trust Agreement On January 24, 2022, DUET Acquisition Corp., a Delaware corporation (the “ Company ”), consummated its initial public offering (the “ Offering ”). In connection therewith, the Company entered into an Investment Management Trust Agreement, dated January 19, 2022 (the “ Trust Agreement ”), by and between the Company and Continental Stock Transfer & Trust Company, as trustee (“ Continental ”), which Trust Agreement governs the trust account in which a portion of the proceeds of the Offering were placed (the “ Trust Account ”). The form of the Trust Agreement was initially filed as an exhibit to the Company’s Registration Statement on Form S-1 (File No. 333-261494) for the Offering. On April 19, 2023, at 8:00 a.m. ET, the Company held a virtual special meeting of its stockholders at https://www.cstproxy.com/duetcorp/2023, pursuant to due notice (the “ Special Meeting ”). At the Special Meeting, the stockholders of the Company entitled to vote at the meeting cas evidence_url: https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/0001493152-23-013363-index.htm - Shareholder Votes DUET Acquisition Corp. shareholders approved Extension Amendment Proposal to amend the certificate of incorporation to extend the date to consummate a business combination at the 2023-04-19 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-04-19 source text: The following is a tabulation of the voting results: Common Stock : Votes For Votes Against Abstentions Broker Non-Votes 9,328,444 (82.9%) 440,277 (3.9%) — — evidence_url: https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/0001493152-23-013363-index.htm - Shareholder Votes DUET Acquisition Corp. shareholders approved Trust Amendment Proposal to amend the Trust Agreement to allow extension of the liquidation date at the 2023-04-19 meeting. - Outcome: passed - Meeting: 2023-04-19 source text: The following is a tabulation of the voting results: Common Stock : Votes For Votes Against Abstentions Broker Non-Votes 9,328,444 (82.9%) 440,277 (3.9%) — — evidence_url: https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/0001493152-23-013363-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.