DUET Acquisition's (NASDAQ:DUETU – Get Rating) lock-up period will expire on Tuesday, July 19th. DUET Acquisition had issued 7,500,000 shares in its public offering on January 20th. The total size of the offering was $75,000,000 based on an initial share price of $10.00. After the end of the company's lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
NASDAQ DUETU opened at $9.95 on Tuesday. The company has a 50 day simple moving average of $10.00. DUET Acquisition has a 12-month low of $9.91 and a 12-month high of $10.17.
Get DUET Acquisition alerts:Hedge funds have recently modified their holdings of the business. Ergoteles LLC bought a new stake in DUET Acquisition in the first quarter worth $228,000. Clear Street LLC bought a new position in shares of DUET Acquisition during the first quarter valued at approximately $515,000. Sage Mountain Advisors LLC bought a new stake in shares of DUET Acquisition during the 1st quarter valued at about $681,000. Wealthspring Capital LLC bought a new stake in shares of DUET Acquisition during the 1st quarter valued at about $838,000. Finally, Walleye Trading LLC bought a new stake in shares of DUET Acquisition during the 1st quarter valued at about $936,000.
About DUET Acquisition (Get Rating)DUET Acquisition Corp. does not have significant operation. It focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in technology sector. The company was incorporated in 2021 and is based in Kuala Lumpur, Malaysia.
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