Home Business Direct Selling Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

Direct Selling Acquisition Corp. Announces Extension of Deadline to Complete Business Combination

by Manish
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December 26, 2022 Plano, TX–(BUSINESS WIRE)–Direct Selling Acquisition Corporation (NYSE: DSAQ) (the “Company”) today announced that its Board of Directors has set a December 28 date by which the Company must complete its business combination. announced that it had chosen to extend from the date. , 2022 through March 28, 2023 (the “extension”), by our registration statement on Form S-1 first filed with the Securities and Exchange Commission (“SEC”) on August 23, 2021 Final prospectus for proposed (File No. 333-258997) and Initial Public Offering of the Company’s units dated September 23, 2021. In connection with the extension, our sponsor, DSAC Partners LLC, intends to deposit an aggregate amount of $2,300,000 (equivalent to $0.10 per public share) into our trust account by December 28, 2022; was notified to us. Give us additional time to complete the initial business combination.

About Direct Selling Acquisition Corp.

Direct Selling Acquisition Corp., led by Chief Executive Officer Dave Wentz, is a special-purpose acquisition company formed for the purpose of effecting business combinations with one or more companies. The company may pursue initial business combinations with companies in any sector or region, but will focus on domestic-based companies within the direct sales industry.

Forward-Looking Statements

This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Act, and our representatives may from time to time The oral statements we make may contain “forward-looking statements.” Stock Exchange Act of 1934, as amended. Statements regarding possible business combinations and their financing and related matters, and all statements other than statements of historical fact contained in this press release are forward-looking statements. As used in this press release, “anticipate”, “believe”, “continue”, “may”, “estimate”, “expect”, “intend”, “likely” ‘, ‘could’, ‘plan’, etc. are replaced by ‘could’, ‘could’, ‘predict’, ‘plan’, ‘should’, ‘ Statements such as “will” relate to us or our management and are forward-looking statements. Such forward-looking statements are based on management’s beliefs and assumptions made by our management and on information currently available. Actual results may differ materially from those envisioned in the forward-looking statements as a result of certain factors detailed in our filings with the Securities and Exchange Commission. All subsequent forward-looking statements, whether written or oral, made by us or anyone acting on our behalf, are fully qualified by this paragraph. Forward-looking statements are subject to a number of conditions, including those set forth in the Risk Factors section of our registration statement and prospectus relating to our initial public offering filed with the SEC, many of which are is beyond the control of We undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

View source version at businesswire.com: https://www.businesswire.com/news/home/20221223005244/en/

contact address

Direct Selling Acquisition Corp. Investor Information Contact:
Ryan Bright


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