secwatch.observer — SEC 8-K summary
======================================

Issuer:     DUET Acquisition Corp. (—)
CIK:        0001890671
Form:       8-K
Filed at:   2023-04-24T23:59:59+00:00
Accession:  0001493152-23-013363
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 5.03, 2.03, 3.03, 5.07, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DUET extends business combination deadline to May 24, 2023; holders redeem 3.58M shares for $37.2M
--------------------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/0001493152-23-013363-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1890671/000149315223013363/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-013363

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer