DUET Acquisition extends deadline to Jan 2025; holders redeem ~3.76M shares for $41.2M

DUET Acquisition Corp.

Stockholders approved charter and trust amendments extending business combination deadline up to January 24, 2025, with monthly $40k deposits.
3,760,678 public shares redeemed at ~$10.95 each for aggregate ~$41.2 million, reducing trust balance to ~$14.1M before extension payment.
First one-month extension to February 24, 2024 funded with $40k deposit into trust account on December 19, 2023.
Charter also amended to allow founder share conversion to Class A at any time prior to business combination and board action by written consent.
Company plans to complete business combination with Fenix 360 Pte. Ltd.; proxy/registration statement to be filed with SEC.

item 1.01 item 5.03 item 3.03 item 5.07 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

DUET Acquisition Corp.: Amended certificate of incorporation to extend the deadline date for business combination, allow at-will conversion of Class B common stock to Class A common stock, and permit board action by written consent (effective 2023-12-19).

Change: charter amendment
Effective: 2023-12-19

Exact text from the filing

The Stockholders approved the Charter Amendment at the Special Meeting, changing (A) the structure and cost of the Company’s right to extend the Deadline Date

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

DUET Acquisition Corp. shareholders approved Action by Written Consent Amendment Proposal at the 2023-12-18 meeting.

Outcome: passed
Meeting: 2023-12-18

Exact text from the filing

The Stockholders approved the Action by Written Consent Amendment Proposal, and the following is a tabulation of the voting results: Common Non-Votes 5,105,896 (66.513%) 252,040 (3.283%) - -

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

DUET Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-12-18 meeting.

Outcome: passed
Meeting: 2023-12-18

Exact text from the filing

The Stockholders approved the Extension Amendment Proposal, and the following is a tabulation of the voting results: Common Non-Votes 5,064,891 (65.979%) 293,045 (3.817%) - -

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

DUET Acquisition Corp. shareholders approved Trust Amendment Proposal at the 2023-12-18 meeting.

Outcome: passed
Meeting: 2023-12-18

Exact text from the filing

The Stockholders approved the Trust Amendment Proposal, and the following is a tabulation of the voting results: Common Non-Votes 5,064,891 (65.979%) 293,045 (3.817%) - -

View on SEC.gov

Shareholder Votes SEC 8-K Item 5.07 confidence 0.95

DUET Acquisition Corp. shareholders approved Founder Share Amendment Proposal at the 2023-12-18 meeting.

Outcome: passed
Meeting: 2023-12-18

Exact text from the filing

The Stockholders approved the Founder Share Amendment Proposal, and the following is a tabulation of the voting results: Common Non-Votes 5,105,896 (66.513%) 252,040 (3.283%) - -

View on SEC.gov

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Source: SEC EDGAR

accession 0001493152-23-045589

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