Fenix360, an artist-centric social media platform, has announced plans for a NASDAQ listing through a SPAC deal valued at $610 million.

The platform focuses on helping independent artists and creatives monetize their work by providing a direct connection between artists and fans without costly intermediaries or algorithm-based filters. At its core, Fenix360 offers a tool allowing artists to create content-rich apps in approximately 20 minutes.

Lance Ford, Founder & President at Fenix360, emphasizes the platform's simplicity: "We hope to create a generation of enthusiastic app builders. It is a great way to present yourself to fans and friends and excites them continuously with a media property that you control."

The transaction has received unanimous approval from both companies' boards of directors. Dharmendra Magasvaran, Co-CEO of DUET, highlights the platform's potential: "The unique value proposition of Fenix360 as a hyper-agile and asset-light engagement platform with lucrative rewards for artists and fans alike provides both Fenix360 and Duet an unparalleled opportunity to reshape the creative and media space."

CEO Allan Kelpfisz expresses optimism about the planned NASDAQ listing, stating it will accelerate their global ambitions. The deal remains subject to DUET's stockholder approval and regulatory clearances.

Related Articles

Previous Articles