Nelson Mullins Riley & Scarborough LLP acted as legal counsel to DUET. McDermott Will & Emery represented EF Hutton, division of Benchmark Investments, LLC, which acted as the sole book running manager for the IPO.
DUET Acquisition Corp., a blank check company, announced its $86.25 million initial public offering (IPO) of 8,625,000 units at $10.00 per unit (which includes 1,125,000 units issued pursuant to the exercise of the underwriter’s over-allotment option in full). The units will be listed and traded on the Nasdaq Global Market (Nasdaq) as “DUETU.”
The deal priced on January 19, 2022, began trading January 20, 2022 and closed on January 24, 2022.
The Company is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any business or industry, it intends to focus its search on industries that complement its management team’s background and capitalize on the ability and experience of its management team. The Company is led by Larry Gan Nyap Liou, the Company’s Chairman of the Board, and Yeoh Oon Lai and Dharmendra Magasvaran, the Company’s Co-Chief Executive Officers.
The Nelson Mullins team comprised partner Andy Tucker (Picture) and associates Adam Marshall and Brooke Alexander.
McDermott’s deal team was led by Robert Cohen and included Richard Bass, Alice Du, Brandon Sloane and Caroline Sandy.
Involved fees earner: Richard Bass – McDermott Will & Emery; Robert Cohen – McDermott Will & Emery; Yawen Du – McDermott Will & Emery; Caroline Sandy – McDermott Will & Emery; Brandon Sloane – McDermott Will & Emery; Brooke Alexander – Nelson Mullins Riley & Scarborough LLP; Adam Marshall – Nelson Mullins Riley & Scarborough LLP; Andrew Tucker – Nelson Mullins Riley & Scarborough LLP;