UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number: 001-41237 DUET Acquisition Corp. (Exact name of registrant as specified in its charter) | --- | |----------------------------------- ...

Business Combination Extensions and Trust Account Management - The company extended its business combination deadline to June 24, 2024, by depositing $40,000 into the trust account, marking the seventh of up to nine monthly extensions[135] - The company's sponsor deposited $175,000 into the trust account to extend the business combination period by one month from October 24, 2023, to November 24, 2023[131] - The company's stockholders approved amendments to the charter, allowing extensions of the business combination deadline through January 24, 2025, with monthly deposits of up to $40,000 into the trust account[134] - The company's trust account balance was extended through monthly deposits, with $80,000 deposited in December 2023 to extend the deadline to February 24, 2024[135] - Holders of 3,760,678 shares of Class A Common Stock redeemed their shares for cash at approximately $10.95 per share, totaling $41.2 million, reducing the trust account balance to $14.1 million before the extension payment[133] - As of March 31, 2024, the Company held $14,448,590 in the Trust Account, with plans to use substantially all funds for the initial business combination[166] Business Combination Agreements and Termination - The company terminated the Merger Agreement with Millymont Limited on April 6, 2023, without any termination fees being paid[129] - DUET's obligations to consummate the Business Combination are subject to conditions including the accuracy of Target's representations and warranties, performance of covenants, and delivery of financial statements as of September 30, 2023[145] - The Business Combination Agreement may be terminated if the Target fails to deliver PCAOB Financials or comply with DUET's requests during the Due Diligence Period, with a $3.5 million termination fee payable by the Target[147] - Both parties' obligations to consummate the Business Combination are subject to DUET stockholder approval, effective Proxy/Registration Statement, and Nasdaq's review of the Listing of Additional Shares Notification Form[144] Financial Performance and Liquidity - For Q1 2024, the company reported a net income of $132,838, with formation and operating costs of $283,337 and interest earned on investments of $492,803[162] - Cash used in operating activities for Q1 2024 was $190,375, compared to $219,186 in Q1 2023[165] - As of March 31, 2024, the company held $16,661 in cash outside of the Trust Account, down from $87,134 as of December 31, 2023[167] - The company has no long-term debt, capital lease obligations, or operating lease obligations, except for a monthly fee of up to $10,000 to the Sponsor for office space and administrative support[178] - The company may need to raise additional funds to meet operating expenditures and complete the initial business combination, with potential issuance of additional securities or incurrence of debt[170] Capital Raising and Securities Issuance - The company generated gross proceeds of $86,250,000 from its Initial Public Offering of 8,625,000 Units at $10.00 per Unit[164] - The company completed a private placement of 390,000 units to its sponsor at $10.00 per unit, generating $3,900,000[164] - DUET Partners LLC and Fenix entered into a Convertible Note Purchase Agreement for loans up to $1.5 million, with Fenix Notes convertible into DUET common stock upon closing of the Business Combination[149][151] - The Company issued a $1.5 million Promissory Note to the Sponsor, which may be converted into DUET units at a conversion price of $10.00 per unit[154] - The underwriters are entitled to a deferred fee of $2,587,500, payable from the Trust Account upon completion of a business combination[179] Corporate Governance and Amendments - The company's governing documents were amended to allow directors to take actions without formal meetings, provided a majority consents in writing[132] - Upon closing, the Company will domesticate from Delaware to the Cayman Islands as an exempted company limited by shares[138] - Target Shareholders will exchange Target Ordinary Shares for DUET Ordinary Shares through a Share Exchange Agreement with Continental Stock Transfer & Trust Company[141] Risks and Challenges - The company incurred significant costs in pursuing its initial business combination plans, with no assurance of success in raising capital or completing the combination[127] - The company's Class B Common Stock may dilute equity interests if converted to Class A Common Stock on a greater than one-to-one basis[127] - The company's ability to complete its initial business combination depends on retaining key employees, generating acquisition opportunities, and maintaining liquidity[125] - The Company received a Nasdaq notice on May 6, 2024, regarding non-compliance with the $50 million Market Value Standard for continued listing[156]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ______ to ______. V03-11-02, Designer Office. V03, Lingkaran SV, Sunway Velocity, Kuala Lumpur, Malaysia 55100 (Address of Principal Executive Office) (Zip Code) ( ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number: 001-41237 DUET Acquisition Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorpo ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number: 001-41237 DUET Acquisition Corp. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporatio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _______to_______ Commission File Number: 001-41237 DUET Acquisition Corp. (Exact name of registrant as specified in its charter) Delaware 87-2744116 (State or other jurisdi ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number: 001-41237 DUET ACQUISITION CORP. (Exact Name of Registrant as Specified in its Charter) Delaware 87-2744116 (State or Other Jurisdiction of Incorporation or Organization) ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 87-2744116 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ Title of each class Trading Symbol(s) Name of each exchange on which registered Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant DUETU The Nasdaq Global Ma ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 87-2744116 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) V03-11-02, Designer Office. V03, Lingkaran SV, Sunway Velocity, Kuala Lumpur, Malaysia 55100 (Address of principal executive offices) (Zip Code) Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ Title of each class Trading Symbol(s) Name of ea ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Delaware 87-2744116 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification Number) V03-11-02, Designer Office. V03, Lingkaran SV, Sunway Velocity, Kuala Lumpur, Malaysia 55100 (Address of principal executive offices) (Zip Code) Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ Title of each class Trading Symbol(s) Name of ea ...