Direct Selling Acquisition CORP
Market Movers (8-K)
Direct Selling Acquisition Corp. (DSAQ) has extended its deadline to complete a business combination to April 28, 2025, with potential further extensions, but faced significant share redemptions in the process.
Worse than expected
Delay expected
Direct Selling Acquisition Corp. has extended the deadline for its business combination with Aeroflow Urban Air Mobility and Hunch Technologies to March 27, 2025.
Worse than expected
Delay expected
Direct Selling Acquisition Corp. has extended the deadline for its business combination with Aeroflow Urban Air Mobility and Hunch Technologies to December 27, 2024.
Worse than expected
Delay expected
Direct Selling Acquisition Corp. has amended its business combination agreement to extend the deadline for completing the merger with Aeroflow Urban Air Mobility and Hunch Technologies to September 28, 2024.
Delay expected
Direct Selling Acquisition Corp. has commenced trading on the OTCQX Best Market under the symbol DSAQ, effective May 23, 2024.
Direct Selling Acquisition Corp. will be delisted from the NYSE due to not meeting market capitalization requirements and will move to the OTCQX market after its application to list on Nasdaq was rejected.
Worse than expected
Capital raise
Quarterly Earnings (10-Q)
Direct Selling Acquisition Corp. filed its 10-Q for the quarter ended September 30, 2024, detailing financial results and progress on its proposed business combination.
Worse than expected
Delay expected
Capital raise
Direct Selling Acquisition Corp. released its second quarter 2024 financial results, showing a net loss and ongoing efforts to complete a business combination.
Worse than expected
Delay expected
Capital raise
Direct Selling Acquisition Corp. reports a net loss for the first quarter of 2024, while continuing to pursue a business combination with Aeroflow Urban Air Mobility.
Worse than expected
Delay expected
Capital raise
Annual Reports (10-K)
Direct Selling Acquisition Corp. filed an amendment to its annual report to correct information regarding the beneficial ownership of Class A common stock by Antara Capital Master Fund LP.
Delay expected
Capital raise
Worse than expected
Direct Selling Acquisition Corp.'s 10-K filing details its capital structure, including common stock, warrants, and preferred stock, and outlines key terms and conditions.
Delay expected
Capital raise
Worse than expected
Insider Trading (Form 4)
Direct Selling Acquisition Corp. (DSAQ) has extended the deadline to complete a business combination to April 28, 2025, with potential further extensions, while facing significant share redemptions.
Delay expected
Worse than expected
Direct Selling Acquisition Corp. (DSAQ) has amended its Business Combination Agreement to extend the termination date to March 27, 2025, for its proposed merger with Aeroflow Urban Air Mobility, Hunch Technologies, and FlyBlade (India).
Delay expected
Direct Selling Acquisition Corp. (DSAQ) has amended its Business Combination Agreement to extend the termination date to December 27, 2024, to allow more time to finalize the deal with Aeroflow Urban Air Mobility and Hunch Technologies.
Delay expected
Direct Selling Acquisition Corp. (DSAQ) and its partners have amended their Business Combination Agreement to extend the termination date to September 28, 2024, to allow more time to finalize the deal.
Delay expected
Direct Selling Acquisition Corp. (DSAQ) has qualified to trade on the OTCQX Best Market, effective May 23, 2024.
Antara Capital LP reports the sale of 477,600 shares of Direct Selling Acquisition Corp. (DSAQ) Class A Common Stock at $10.53 per share on April 27, 2023, reducing their direct holdings.
Proxy Statements (Def-14A)
DEFA14A: Direct Selling Acquisition Corp. Extends Deadline for Business Combination, Faces Redemptions
Direct Selling Acquisition Corp. (DSAQ) has extended its deadline to complete a business combination to April 28, 2025, with potential further extensions, while facing significant share redemptions.
Worse than expected
Delay expected
Direct Selling Acquisition Corp. is seeking stockholder approval to extend the deadline for completing a business combination from March 28, 2025, to potentially September 28, 2025.
Delay expected
Direct Selling Acquisition Corp. is seeking stockholder approval to extend the deadline for completing its business combination from March 28, 2025, to April 28, 2025, with potential further monthly extensions up to September 28, 2025.
Delay expected
DEFA14A: Direct Selling Acquisition Corp. Extends Deadline for Business Combination with Sponsor Loan
Direct Selling Acquisition Corp. (DSAQ) secured stockholder approval to extend its business combination deadline and obtained a $1.58 million loan from its sponsor to facilitate the extension.
Delay expected
Capital raise
Direct Selling Acquisition Corp. adjourned its special meeting of stockholders to March 28, 2024, to further consider the proposal to extend the deadline for completing an initial business combination.
Delay expected
Direct Selling Acquisition Corp. (DSAQ) adjourned its special meeting to March 27, 2024, and extended the deadline for stockholders to exercise redemption rights to March 25, 2024, while also announcing additional contributions to its trust account by the Sponsor to retain public shares.
Delay expected
Capital raise
Schedule 13G - Passive Investments
COWEN AND COMPANY, LLC and Cowen Financial Products LLC have jointly reported a combined beneficial ownership of 3.4% of Direct Selling Acquisition Corp.'s Class A common stock as of December 31, 2024.