Announced
Financials
Tags
social media
De-SPAC
Singapore
Online and Social Platforms
Acquisition
Completed
Friendly
Single Bidder
Merger
Reverse Takeover
Private
Private Equity
Cross Border
Synopsis
Fenix 360, a global social media company incorporated in Singapore that is designed to provide artists and creators with enhanced compensation, tools and control, to go public via a merger with DUET Acquisition, a special purpose acquisition company incorporated, in Delaware in a $610 deal. “The unique value proposition of FENIX360 as a hyper-agile and asset-light engagement platform with lucrative rewards for artists and fans alike provides both FENIX360 and DUET an unparalleled opportunity to reshape the creative and media space. Tapping into the substantial digital advertising and digital commerce ecosystem will bolster FENIX360’s revenue generation abilities,” Dharmendra Magasvaran, DUET Acquisition Co-CEO.
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