- IT security and services firm AnyTech365 agreed to a deal to go public through a combination with SPAC DUET Acquisition Corp. ( NASDAQ: DUET )
- The combined company will have an enterprise value of $200 million and a pro forma market cap of $287 million, according to a statement. The transaction will provide a minimum of $77.1 million of net proceeds to the company after payment of transaction expenses, assuming no redemptions.
- The deal is expected to close in Q4 and AnyTech365 expects to trade on NASDAQ under ticker symbol ANYT.
- Founded in 2014, Marbella, Spain-based AnyTech365 offers subscription-based Technical Support as a Service, covering everything from IoT home devices to PC and software related issues.
- Recall January, Tech-focused SPAC DUET Acquisition priced $75M IPO.
For further details see:
AnyTech365 agrees to go public through SPAC DUET Acquisition