Direct Selling Acquisition Corp. Announces Closing of $230 Million Initial Public Offering
29 Septembre 2021 - 12:37AM
Business Wire
Direct Selling Acquisition Corp. (the “Company”) today announced
the closing of its initial public offering of 23,000,000 units at a
price of $10.00 per unit, including 3,000,000 units issued pursuant
to the exercise by the underwriters of their over-allotment option
in full. The units are listed on the New York Stock Exchange
(“NYSE”) and began trading under the ticker symbol “DSAQ.U” on
September 24, 2021. Each unit consists of one share of Class A
common stock of the Company and one-half of one redeemable warrant
with each whole warrant exercisable to purchase one share of Class
A common stock at a price of $11.50 per share. Once the securities
comprising the units begin separate trading, the Class A common
stock and warrants are expected to be listed on the NYSE under the
symbols “DSAQ” and “DSAQ.WS,” respectively.
Direct Selling Acquisition Corp., led by CEO Dave Wentz, is a
special purpose acquisition company formed with the purpose of
entering into a business combination with one or more businesses.
While the Company may pursue an initial business combination with a
company in any sector or geography, it intends to focus its search
on domestically based businesses within the direct selling
industry.
BTIG, LLC is acting as the sole bookrunner for the offering.
I-Bankers Securities, Inc. is acting as co-manager for the
offering. The offering was made only by means of a prospectus.
Copies of the prospectus may be obtained by contacting BTIG, LLC,
65 East 55th Street, New York, NY 10022, or by email at
ProspectusDelivery@btig.com.
A registration statement relating to the securities was declared
effective by the U.S. Securities and Exchange Commission (the
“SEC”) on September 23, 2021. 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.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute
"forward-looking statements," including with respect to the initial
public offering and search for an initial business combination. No
assurance can be given that the proceeds of the offering will be
used 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 for the 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/20210928006162/en/
Direct Selling Acquisition Corp. Contact: Ryan Bright
ir@dsacquisition.com
Direct Selling Acquisition (NYSE:DSAQ.U)
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