secwatch.observer — SEC 8-K summary
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Issuer:     Direct Selling Acquisition Corp. (—)
CIK:        0001871745
Form:       8-K
Filed at:   2023-03-28T23:59:59+00:00
Accession:  0001193125-23-081332
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 5.07, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DSAQ extends deadline to June 28, 2023; 17.4M shares redeemed for $10.48; $1.92M note from sponsor
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871745/000119312523081332/0001193125-23-081332-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871745/000119312523081332/d398798d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-081332

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer