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

Dec 26, 2022

Direct Selling Acquisition Corp. (NYSE: DSAQ) (the “Company”) announced today that its board of directors has elected to extend the date by which the Company has to consummate a business combination from December 28, 2022 to March 28, 2023 (the “Extension”), as contemplated by the Company’s registration statement on Form S-1, initially filed with the Securities and Exchange Commission (“SEC”) on August 23, 2021 (File No. 333-258997) and the final prospectus dated September 23, 2021 for the initial public offering of the Company’s units. In connection with the Extension, the Company’s sponsor, DSAC Partners LLC, has notified the Company that it intends to deposit an aggregate of $2,300,000 (representing $0.10 per public share) into the Company’s trust account on or before December 28, 2022. The Extension provides the Company with additional time to complete its initial business combination.

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