WASHINGTON, D.C. — Firm securities partner Andy Tucker and associates Adam Marshall and Brooke Alexander closed an initial public offering (IPO) of $86.25 million. The team represented DUET Acquisition Corp., a special purpose acquisition company (SPAC). The offering consisted of 7.5 million units at $10 per unit, with each unit consisting of one of DUET's Class A common stock and one redeemable warrant. Each warrant permits the holder therefrom to purchase one Class A common stock at a price of $11.50 per share. DUET's underwriters, EF Hutton, exercised their over-allotment option in full for an additional 1.125 million units at closing resulting in an aggregate proceed of $86.25 million. 

DUET is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities.

EF Hutton, a division of Benchmark Investments, LLC, is a global, full-service, investment bank headquartered in New York, NY.

Tucker is a corporate and securities advisor to growing companies, particularly in the technology and government contracting sectors. He assists his clients with a broad variety of transactional support, including venture capital and private equity transactions, joint ventures, mergers and acquisitions, and public and private securities offerings.

Marshall concentrates his practice on public and private securities offerings, reporting, and compliance under the 1933 Act and the 1934 Act and general corporate matters, with a specific focus on real estate investment trusts (REITs).

Alexander assists her clients with many of their legal needs, including litigation and transactional work. She serves as one of the firm's team of attorneys who assists in taking private companies public through a merger with a special purpose acquisition company (SPAC and de-SPAC).

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Established in 1897, Nelson Mullins is an Am Law 100 firm of more than 930 attorneys and government relations professionals with 30 offices in 14 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.