Direct Selling Acquisition Corp. Confirms Funding and Extension of Deadline to Complete Initial Business Combination

Author's Avatar
Dec 28, 2022

Direct Selling Acquisition Corp. (NYSE: DSAQ) (the “Company”) announced today that its sponsor, DSAC Partners LLC (the “Sponsor”), has deposited an additional $2,300,000 (representing $0.10 per public share) (the “Extension Payment”) into the Company’s trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from December 28, 2022 to March 28, 2023 (the “Extension”). The Extension provides the Company with additional time to complete its initial business combination.