Anteco Systems, S.L. (dba AnyTech365) and DUET Acquisition announced today that they plan to merge in a deal with an enterprise value of $287 million.
The transaction is expected to be completed in the fourth quarter of 2022. If approved, AnyTech365 expects to trade on the Nasdaq under the ticker symbol ANYT.
AnyTech365 is engaged in IT security and support.
The transaction would give the combined companies a pro forma market capitalization of approximately $287 million, based on a $10 per share price and no redemptions by DUET stockholders. The transaction will provide a minimum of $77.1 million of net proceeds to the company after payment of transaction expenses, again, assuming no redemptions.
Duet raised $86.25 million in a January 2021 IPO. Read more.
