Fenix360 Secures $610 Million SPAC Deal for NASDAQ Listing
The social media platform Fenix360 has announced plans for a NASDAQ listing through a SPAC deal valued at $610 million, signaling a potential revival in SPAC transactions.
Fenix360 operates as an artist-focused platform designed to help independent creators monetize their work across multiple genres. The platform's core feature enables artists to create content-rich applications in approximately 20 minutes, facilitating direct artist-fan connections without intermediaries or algorithmic barriers.
NYSE building exterior facade
The transaction has received unanimous approval from both companies' boards of directors, though it still requires DUET stockholder approval and regulatory clearances. DUET's Co-CEO Dharmendra Magasvaran emphasizes the platform's potential to generate revenue through digital advertising and commerce.
Allan Kelpfisz, Fenix360's CEO, states the NASDAQ listing will accelerate their global expansion plans, while Founder & President Lance Ford highlights the platform's ability to empower artists as app builders and content creators.
Businessman checking phone with charts
Man wearing black shirt headshot
Fatboy Slim DJing with outstretched arm
Related Articles
A2IM Launches CEO Search Following Richard Burgess' Planned 2026 Departure
