DUET Acquisition opens at $9.97, IPO priced at $10 per unit

DUET Acquisition Corp. priced its initial public offering of 7.5M units at $10.00 per unit. The units are listed on the Nasdaq Global Market under the ticker symbol "DUETU". Each unit consists of one of the company's Class A common stock and one redeemable warrant. Each warrant entitles the holder thereof to purchase one Class A common stock at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A common stock and warrants are expected to be listed on Nasdaq under the symbols "DUET" and "DUETW," respectively. "The company has not selected any specific business combination target and has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. 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 primary area of consideration will be disruptive change maker technology enterprises that are capitalizing on the digital shift," DUET stated. EF Hutton, a division of Benchmark Investments, is acting as the sole book running manager for the offering.