Direct Selling Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants Commencing November 12, 2021
09 November 2021 - 1:30PM
Business Wire
Direct Selling Acquisition Corp. (NYSE: DSAQ.U) (the “Company”)
announced that, commencing November 12, 2021, holders of the
23,000,000 units sold in the Company’s initial public offering may
elect to separately trade the shares of Class A common stock and
warrants included in the units. Any units not separated will
continue to trade on the New York Stock Exchange (the “NYSE”) under
the symbol “DSAQ.U,” and the separated shares of Class A common
stock and warrants are expected to trade on the NYSE under the
symbols “DSAQ” and “DSAQ.WS,” respectively. No fractional warrants
will be issued upon separation of the units and only whole warrants
will trade. Unitholders will need to have their brokers contact
Continental Stock Transfer & Trust Company, the Company’s
transfer agent, in order to separate the units into shares of Class
A common stock and warrants.
The units were initially offered by the Company in an
underwritten offering. BTIG, LLC acted as the sole bookrunner and
I-Bankers Securities, Inc. acted as the co-manager of the offering.
A registration statement relating to the units and the underlying
securities was declared effective by the Securities and Exchange
Commission (the “SEC”) on September 23, 2021.
The offering was made only by means of a prospectus. Copies of
the prospectus related to this offering may be obtained by
contacting BTIG, LLC, 65 East 55th Street, New York, NY 10022, or
by email at ProspectusDelivery@btig.com.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
About the Company
The Company is a blank check company, also commonly referred to
as a special purpose acquisition company, or SPAC, formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses or entities. We intend to leverage our
team’s expertise to target domestically based businesses in the
direct selling industry.
Forward-Looking Statements
This press release contains statements that constitute
“forward-looking statements,” including with respect to the
anticipated separation of the units into shares of Class A common
stock and warrants. No assurance can be given that the units will
be separated as indicated. Forward-looking statements are subject
to numerous conditions, many of which are beyond the control of the
Company, including those set forth in the Risk Factors section of
the Company’s registration statement and final prospectus relating
to the Company’s initial public offering filed with the SEC. Copies
are available on the SEC’s website, www.sec.gov. The Company
undertakes no obligation to update these statements for revisions
or changes after the date of this release, except as required by
law.
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version on businesswire.com: https://www.businesswire.com/news/home/20211109005491/en/
Direct Selling Acquisition Corp. Contact: Ryan Bright
ir@dsacquisition.com
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