secwatch.observer — SEC 8-K summary
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Issuer:     Direct Selling Acquisition Corp. (—)
CIK:        0001871745
Form:       8-K
Filed at:   2023-05-09T23:59:59+00:00
Accession:  0001193125-23-138647
Event type: debt
Sentiment:  neutral
Materiality: 0.25
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871745/000119312523138647/0001193125-23-138647-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871745/000119312523138647/d400755d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-138647

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