Direct Selling Acquisition Corp. (DSAQ) faces delisting from the New York Stock Exchange due to not meeting the continued listing standard. The Securities will be transferred to the OTC Markets' Pink Market with a pending application for the OTCQX Marketplace. The company will remain subject to SEC reporting requirements post-delisting.
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Summary not available.
Direct Selling Acquisition Corp. (NYSE:DSAQ) has announced the adjournment of its special meeting of stockholders, originally set for March 22, 2023, to March 24, 2023, at 11:00 a.m. ET. This adjournment allows Class A common stockholders to redeem their shares for a pro rata portion of the trust account until 5:00 p.m. ET on March 22, 2023. The meeting aims to vote on extending the deadline for the company to complete its initial business combination. If approved, the company will receive $480,000 from DSAC Partners LLC to support this extension. Additionally, a non-binding letter of intent was signed for a potential business combination in the urban mobility sector.
Summary not available.
Direct Selling Acquisition Corp. (NYSE: DSAQ) announced an extension for its business combination deadline from December 28, 2022, to March 28, 2023. This decision, made by the board of directors, allows the Company additional time to finalize its initial business combination. As part of this Extension, the Company's sponsor, DSAC Partners LLC, plans to deposit $2,300,000 (equivalent to $0.10 per public share) into the trust account by December 28, 2022. The Company aims to merge with businesses, particularly focused on the direct selling sector.