Anteco Systems, S.L. entered into a definitive agreement to acquire DUET Acquisition Corp. (NasdaqGM:DUET) from group of shareholders in a reverse transaction on July 25, 2022. The Parties will (i) effect the merger of Merger Sub with and into the Company, with the Company continuing as the surviving entity and a wholly-owned subsidiary of Holdco (the “ DUET Merger ”), as a result of which (a) the Company will issue shares of the Class A Common Stock of the Company to Holdco, with such amount of shares to be determined in accordance with the terms of the Merger Agreement, (b) all of the issued and outstanding shares of Class A Common Stock of the Company held by the Company's stockholders (other than Holdco) shall be converted into ordinary shares of Holdco at a one-for-one ratio, and (c) each outstanding warrant of the Company will be assumed by Holdco and automatically adjusted to become exercisable to purchase one ordinary share of Holdco; (ii) immediately prior to the AnyTech Merger (as defined below), effect the sale of 49.999999% of the issued share capital of the Target from the stockholders of the Target to Holdco for an aggregate purchase price of €26,250,000 pursuant to that certain amended and restated share purchase agreement by and among Holdco, J. Streicher, the Sellers' Representatives, and the stockholders of the Target (the “ SPA ”); and (iii) effect the merger of the Target into Holdco, with Holdco continuing as the surviving entity (the “ AnyTech Merger ” and together with the DUET Merger, the “ Mergers ”), as a result of which the stockholders of the Target will receive ordinary shares of Holdco with a value on of €26,250,000, all upon the terms set forth in the Merger Agreement. The business combination values Anteco Systems at a MYR 890 million enterprise value. After closing, Anteco Systems expects to trade on NASDAQ under ticker symbol ANYT. Pursuant to the Merger Agreement, the Company has agreed to use its reasonable commercial efforts to obtain up to $50,000,000 of additional equity capital through the sale of ordinary shares of Holdco to private investors (the “PIPE Financing”). There can be no assurance that the Company will be able to arrange the PIPE Financing. Prior to completion of the Mergers, re-register as an Irish public company limited by shares and amend and restate its articles of association to, among other matters: (i) change its name to “AnyTech365 plc,” or such other name as mutually agreed to by the parties to the Merger Agreement; and (ii) provide for a post-closing board comprised of seven (7) directors.

The transaction is subject to approval by DUET's shareholders and other customary closing conditions, including the receipt of certain regulatory approvals. Few addition closing conditions to the transaction are, the expiration or termination, as applicable, of any waiting period (and any extension thereof) applicable to the consummation of the Merger Agreement under any antitrust laws; the receipt of all consents required to be obtained from or made with any governmental authority in order to consummate the transactions contemplated by the Merger Agreement; the existence of Minimum Cash Proceeds (as defined in the Merger Agreement) of at least $10,000,000; the entry into certain ancillary agreements as of the Closing; the lack of any notice or communication from, or position of, the U.S. Securities and Exchange Commission (the “ SEC ”) requiring the Company to amend or supplement the Prospectus and Proxy Statement (as defined below); the approval of the listing of the ordinary shares and warrants of Holdco on the Nasdaq Global Market. The Registration Statement shall have been declared effective by the SEC and shall remain effective as of the Closing, and no stop order or similar order shall be in effect with respect to the Registration Statement. The transaction is unanimously approved by the Boards of Directors of AnyTech365 and DUET. The Transaction is expected to be completed in the fourth quarter of 2022. Anteco Systems intends to use the proceeds from the transaction to accelerate its growth strategy, including expanding its core business to meet increased demand, accelerating its strategic partnership with Media Markt, and pursuing strategic acquisitions.

ARC Group Ltd. and Riveron is serving as financial advisor to Anteco Systems and Arthur Cox LLP is serving as legal counsel on the transaction. Andy Tucker, Rita Piel, Sue Stoffer, Wells Hall, Tony Laurentano, Nichole Hayden and Alex Reilly of Nelson Mullins Riley & Scarborough LLP is serving as legal counsel to DUET. Juan José Ruiz of Cuatrecasas, Gonçalves Pereira, S.L.P. acted as legal advisor to Anteco Systems S.L. Continental Stock Transfer & Trust Company acted as transfer agent to DUET. Laurel Hill Advisory Group, LLC.

Anteco Systems, S.L. cancelled the acquisition of DUET Acquisition Corp. (NasdaqGM:DUET) from group of shareholders in a reverse transaction on April 6, 2023. The agreement has been terminated by DUET by written notice to the other parties thereto. As a result, DUET will seek an alternative business combination.