{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-23-138647","form_type":"8-K","ticker":null,"cik":"0001871745","company_name":"Direct Selling Acquisition Corp.","filed_at":"2023-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.408440+00:00","generated_at":"2026-06-15T10:22:55.513878+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.25,"calibrated_materiality_score":0.25,"confidence":"high","headline":"Direct Selling Acquisition Corp. issues $835,718.75 promissory note to sponsor DSAC Partners LLC","bullets":["On May 5, 2023, the company issued an unsecured, non-interest bearing promissory note for $835,718.75 to sponsor DSAC Partners LLC.","Note matures upon completion of the company's initial business combination; no interest accrues.","If no business combination occurs, the note will be repaid only from funds outside the trust account or will be forgiven.","Proceeds likely to be used for working capital and business combination expenses."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-23-138647","json":"https://secwatch.observer/filing/0001193125-23-138647.json","markdown":"https://secwatch.observer/filing/0001193125-23-138647.md","text":"https://secwatch.observer/filing/0001193125-23-138647.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523138647/0001193125-23-138647-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523138647/d400755d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T10:22:55.513878+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":"989881ee5f8cebaafd6e574e6a5f255a634632f8","claim":"Direct Selling Acquisition Corp. incurred loan of $835,718.75 with DSAC Partners LLC at does not bear interest maturing upon closing of the Company’s initial business combination.","evidence_excerpt":"On May 5, 2023, Direct Selling Acquisition Corp. (the “Company”) issued an unsecured promissory note (the “Note”) in the principal amount of $835,718.75 to DSAC Partners LLC (the “Sponsor”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312523138647/0001193125-23-138647-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$835,718.75"},{"label":"Counterparty","value":"DSAC Partners LLC"},{"label":"Rate","value":"does not bear interest"},{"label":"Maturity","value":"upon closing of the Company’s initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}