By Elaine Briseño (July 25, 2022, 3:24 PM EDT) — Spanish private cybersecurity company AnyTech365 will merge with blank-check company Duet Acquisition Corp. in a deal that values AnyTech365 at $287 million, the companies announced Monday.
Arthur Cox LLP is representing Anteco Systems SL, which does business as AnyTech365, and Duet is being steered by Nelson Mullins Riley & Scarborough LLP. Duet said in a statement the merger would let AnyTech365 help grow in Europe and elsewhere.
The merger will give AnyTech365 $77.1 million in cash to fund the growth and its operations. The deal’s value is based on a stock price of $10 per share. The companies expect the deal…