Direct Selling Acquisition Corp.
DSAQ-UN
New York Stock Exchange11.00
USD
-0.15
- -
CIK
0001871745
Return %
Stock
S&P500
1Y
6.03
18.21
3Y
9.24
64.38
5Y
9.24
72.43
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- David A. Wentz
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 5800 Democracy Drive Plano TX United States of America 75024
- IPO Date
- Sep 24, 2021
- CIK
- 0001871745
- Website
- dsacquisition.com
- Similar Companies
- Business
- Direct Selling Acquisition Corp. (NYSE: DSAQ-UN) is a blank check company formed to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses, primarily targeting opportunities within the direct selling industry; it currently conducts no significant operations of its own and focuses its efforts on innovative enterprises leveraging direct selling models for growth in consumer products distribution, network marketing and related multichannel sales platforms. Incorporated in 2021 and headquartered in Plano, Texas, the company operates principally in the United States while seeking targets across emerging markets with potential for technology-driven expansion in direct selling channels. Its sponsor, DSAC Partners LLC, supports these activities through capital contributions and strategic guidance from leadership including Chairman and CEO David A. Wentz, President and CFO Michael D. Lohner, and Chief Strategy Officer Wayne Lee Moorehead. Recent developments include delisting from the New York Stock Exchange due to failure to meet continued listing standards, with securities transferred to the OTC Markets' Pink Market and a pending application for the OTCQX Marketplace as of 2023; multiple extensions of its business combination deadline, including from December 2022 to March 2023 funded by a $2.3 million deposit from its sponsor and a subsequent adjournment of a stockholder meeting in March 2023 to approve further extensions supported by $480,000 from DSAC Partners LLC; and a non-binding letter of intent signed for a potential business combination in the urban mobility sector, alongside earlier pursuits like Hunch Mobility in Asia, though no merger has been consummated to date.