Direct Selling Acquisitin Corp - DSAQU STOCK NEWS

Direct Selling Acquisition Corp. (NYSE: DSAQ.U) announced that starting November 12, 2021, the holders of 23 million units from its IPO can separately trade shares of Class A common stock and warrants. Separated shares will trade under the symbols DSAQ and DSAQ.WS, while non-separated units continue to trade as DSAQ.U. The offering was supported by BTIG, LLC as the bookrunner, and a registration statement was effective as of September 23, 2021. The Company aims to target businesses in the direct selling industry.

Direct Selling Acquisition Corp. closed its initial public offering, raising $230 million by selling 23,000,000 units at $10 each, including 3,000,000 units from the underwriters' over-allotment option. The units, consisting of one Class A common stock and one-half redeemable warrant, began trading on the NYSE under ticker DSAQ.U on September 24, 2021. The company aims to merge with a business in the direct selling industry. BTIG, LLC acted as the sole bookrunner, with I-Bankers Securities as co-manager. The SEC approved the registration statement on September 23, 2021.

Direct Selling Acquisition Corp. has priced its IPO at $10.00 per unit, offering 20,000,000 units on NYSE under the ticker symbol DSAQU. The IPO is expected to close on September 28, 2021, with each unit comprising one share of Class A common stock and one-half redeemable warrant. The company aims to pursue business combinations within the direct selling industry, led by CEO Dave Wentz. BTIG, LLC is the sole bookrunner, with an additional 3,000,000 units available for purchase by underwriters.