---
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"
generated_at: "2026-06-15T10:22:55.513878+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.25
calibrated_materiality_score: 0.25
confidence: "high"
source: SEC EDGAR
---

# Direct Selling Acquisition Corp. issues $835,718.75 promissory note to sponsor DSAC Partners LLC

## Summary
- 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.

## SEC filing metadata
- accession: 0001193125-23-138647
- form_type: 8-K
- cik: 0001871745
- company_name: Direct Selling Acquisition Corp.
- filed_at: 2023-05-09T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.25
- calibrated_materiality_score: 0.25
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-138647
- JSON: https://secwatch.observer/filing/0001193125-23-138647.json
- Plain text: https://secwatch.observer/filing/0001193125-23-138647.txt

## Key facts
- Debt Financings
  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.
  - Instrument: loan
  - Principal: $835,718.75
  - Counterparty: DSAC Partners LLC
  - Rate: does not bear interest
  - Maturity: upon closing of the Company’s initial business combination
  - Event: incurrence
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1871745/000119312523138647/0001193125-23-138647-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.