{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-081332","form_type":"8-K","ticker":null,"cik":"0001871745","company_name":"Direct Selling Acquisition Corp.","filed_at":"2023-03-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.294343+00:00","generated_at":"2026-06-17T13:46:27.047654+00:00","sec_items":["2.03","5.07","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"DSAQ extends deadline to June 28, 2023; 17.4M shares redeemed for $10.48; $1.92M note from sponsor","bullets":["Stockholders approved amendment to extend business combination deadline from March 28 to June 28, 2023, with monthly extensions up to March 2024.","Holders of 17,404,506 public shares (75.7% of public shares) redeemed for $10.48 per share, ~$182.5M total.","Sponsor provided $1.92M unsecured promissory note (initial $480K plus up to $1.44M in drawdowns) to fund trust account.","Affiliates of Antara Capital LP purchased 955,100 shares from redeeming stockholders after redemption deadline."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-081332","json":"https://secwatch.observer/filing/0001193125-23-081332.json","markdown":"https://secwatch.observer/filing/0001193125-23-081332.md","text":"https://secwatch.observer/filing/0001193125-23-081332.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523081332/0001193125-23-081332-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523081332/d398798d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-17T13:46:27.047654+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7037aa96ec216843be7a872e02f0280fbfdecacd","claim":"Direct Selling Acquisition Corp. incurred loan of $1,920,000 with DSAQ Partners LLC (the Sponsor) at does not bear interest (0%) maturing upon closing of DSAQ's initial business combination.","evidence_excerpt":"On March 24, 2023, DSAQ issued an unsecured promissory note in the principal amount of $1,920,000 (the “ Note ”) to the Sponsor. The Note does not bear interest and matures upon closing of DSAQ’s initial business combination (a “ Business Combination ”). In the event that DSAQ does not consummate a Business Combination, the Note will be repaid only from funds held outside of the Trust Account or will be forfeited, eliminated or otherwise forgiven.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523081332/0001193125-23-081332-index.htm","confidence":0.95,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,920,000"},{"label":"Counterparty","value":"DSAQ Partners LLC (the Sponsor)"},{"label":"Rate","value":"does not bear interest (0%)"},{"label":"Maturity","value":"upon closing of DSAQ's initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"c8350e15854799e316b318b668e4ce6a5e1a6403","claim":"Direct Selling Acquisition Corp.: Amended certificate of incorporation to extend business combination deadline from March 28, 2023 to June 28, 2023, with option for monthly extensions up to March 28, 2024 (effective 2023-03-27).","evidence_excerpt":"On March 24, 2023, DSAQ held the Extension Meeting to approve an amendment to DSAQ’s amended and restated certificate of incorporation (the “ Charter Amendment ”) to extend the date (the “ Termination Date ”) by which DSAQ has to consummate a business combination from March 28, 2023 (the “ Original Termination Date ”) to June 28, 2023 (the “ Charter Extension Date ”) and to allow DSAQ, without another stockholder vote, to elect to extend the Termination Date to consummate a Business Combination on a monthly basis up to nine times by an additional one month each time after the Charter Extension Date, by resolution of DSAQ’s board of directors, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until March 28, 2024, or a total of up to twelve months after the Original Termination Date, unless the closing of a Business Combination shall have occurred prior thereto (the “ Extension Amendment Proposal ”).","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523081332/0001193125-23-081332-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-03-27"}],"fact_type":"governance_change"},{"claim_id":"199e5a6096eb4a2319a6ffd859a13edae7c10f19","claim":"Direct Selling Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-03-24 meeting.","evidence_excerpt":"The voting results for the Extension Amendment Proposal were as follows: The Extension Amendment Proposal For Against Abstain 21,085,468 2,124,913 875,800","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523081332/0001193125-23-081332-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-03-24"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}