secwatch.observer — SEC 8-K summary
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Issuer:     DUET Acquisition Corp. (—)
CIK:        0001890671
Form:       8-K
Filed at:   2023-12-20T23:59:59+00:00
Accession:  0001493152-23-045589
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 5.03, 3.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1890671/000149315223045589/0001493152-23-045589-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1890671/000149315223045589/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-23-045589

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