Announcement • Apr 02
Direct Selling Acquisition Corp. announced delayed annual 10-K filing On 04/01/2025, Direct Selling Acquisition Corp. announced that they will be unable to file their next 10-K by the deadline required by the SEC. Announcement • May 17
Direct Selling Acquisition Corp. announced delayed 10-Q filing On 05/15/2024, Direct Selling Acquisition Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC. Announcement • May 01
Direct Selling Acquisition Announces Delisting of Common Stock from the New York Stock Exchange On April 29, 2024, Direct Selling Acquisition Corp. (the ‘Company’) announced that it has received a notice letter (the ‘Delisting Notice’) from the New York Stock Exchange (‘NYSE’) that the staff of NYSE Regulation has determined to commence proceedings to delist its Class A common stock, par value $0.0001 per share (the ‘Common Stock’) and units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (the ‘Units’ and together with the Common Stock, the ‘Securities’) from NYSE. Trading in the Company's Securities will be suspended, effective at the close of trading on April 29, 2024. NYSE reached its decision pursuant to Rule 802.01B of the NYSE Listed Company Manual because the Company did not meet NYSE's continued listing standard that requires listed acquisition companies to maintain an average aggregate global market capitalization attributable to its publicly-held shares of at least $40 million over a period of 30 consecutive trading days. The Delisting Notice also indicated that the Company has a right to a review of this determination by a Committee of the Board of Directors of NYSE within ten business days after receiving the delisting notice. NYSE stated that it will apply to the Securities and Exchange Commission to delist the Securities upon completion of all applicable procedures, including any appeal by the Company of NYSE's delisting determination. The Company's Class A Common Stock and Units are expected to open on the OTC Markets' Pink Market on April 30, 2024 under the symbols ‘DSAQ’ and ‘DSAQ.U’, respectively. The Company has submitted an application to have its securities quoted on the OTCQX Marketplace (‘OTCQX’). The Company cannot provide any assurance that the Securities will commence or continue to trade on this market, whether broker-dealers will continue to provide public quotes of the Securities on this market, whether the trading volume of the Securities will be sufficient to provide for an efficient trading market or whether quotes for the Securities will continue on this market in the future. The Company previously announced its intention to voluntarily delist its Securities from NYSE and to move the listing of its Securities from NYSE to the Nasdaq Stock Market (‘Nasdaq’). The Company's decision to withdraw its Nasdaq listing application and to apply to have its Securities quoted on OTCQX was made in consideration of Nasdaq's review of the listing application and determination that the Company's Securities were not eligible for listing on Nasdaq. The Company will remain subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended, following the delisting of its Securities from NYSE. Shareholders of the Company will not be required to exchange any Securities, and the Company expects electronic trading to be available without any material disruption. 
