{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-24-083348","form_type":"8-K","ticker":null,"cik":"0001871745","company_name":"Direct Selling Acquisition Corp.","filed_at":"2024-04-01T23:59:59+00:00","discovered_at":"2026-05-14T18:03:21.036854+00:00","generated_at":"2026-06-04T04:59:05.814071+00:00","sec_items":["2.03","5.07","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"DSAQ stockholders approve charter amendments; $1.58M note issued; 2.87M shares redeemed for ~$32.1M","bullets":["Stockholders approved Extension Amendment extending deadline to April 28, 2024, and allowed monthly extensions up to 11 times.","Sponsor converted 5,749,000 Class B shares to Class A common stock, waiving trust account rights.","2,873,211 shares redeemed at ~$11.16 each, aggregate ~$32,066,629.79 from trust account.","Issued $1.58M unsecured promissory note to sponsor; proceeds deposited into trust account.","Redemption Limitation and Founder Share amendments also approved by stockholders."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-24-083348","json":"https://secwatch.observer/filing/0001193125-24-083348.json","markdown":"https://secwatch.observer/filing/0001193125-24-083348.md","text":"https://secwatch.observer/filing/0001193125-24-083348.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1871745/000119312524083348/0001193125-24-083348-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1871745/000119312524083348/d812212d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T04:59:05.814071+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":"19b5283c0c784212d94c7ec554145b101e9952d6","claim":"Direct Selling Acquisition Corp. incurred loan of $1,580,000 with DSAC Partners LLC maturing upon closing of DSAQ’s initial business combination.","evidence_excerpt":"on April 1, 2024, DSAQ issued an unsecured promissory note in the principal amount of $1,580,000 (the “ Note ”) to the Sponsor.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312524083348/0001193125-24-083348-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"loan"},{"label":"Principal","value":"$1,580,000"},{"label":"Counterparty","value":"DSAC Partners LLC"},{"label":"Maturity","value":"upon closing of DSAQ’s initial business combination"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"e6611996ed07f39493192e8cd0dc6df8a62fc356","claim":"Direct Selling Acquisition Corp.: Amended certificate of incorporation to extend business combination deadline to April 28, 2024 with option for monthly extensions up to eleven months, eliminate redemption limitation, and provide for voluntary conversion of Class B common stock to Class A common stock on a one-for-one basis before c (effective 2024-03-28).","evidence_excerpt":"On March 28, 2024, DSAQ held the Special Meeting to amend the Company’s amended and restated certificate of incorporation to (i) extend the date by which DSAQ has to consummate a business combination (the “ Termination Date ”) from March 28, 2024 to April 28, 2024 (the “ Charter Extension Date ”) and to allow DSAQ, without the need for another stockholder vote, to elect to extend the Termination Date to consummate a business combination on a monthly basis for up to eleven times, by an additional one month each time, after the Charter Extension Date, by resolution of DSAQ’s board of directors (the “ Board ”), if requested by the Sponsor (such amendment, the “ Extension Amendment ” and such proposal, the “ Extension Amendment Proposal ”), (ii) eliminate the limitation that DSAQ may not redeem Class A Common Stock to the extent that such redemption would result in DSAQ having net tangible assets of less than $5,000,001 (the “Redemption Limitation”) in order to allow DSAQ to redeem Class A","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312524083348/0001193125-24-083348-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2024-03-28"}],"fact_type":"governance_change"},{"claim_id":"087f886f760304e462a4e25f3470e7f812b66fc7","claim":"Direct Selling Acquisition Corp. shareholders approved Redemption Limitation Amendment Proposal at the 2024-03-28 meeting.","evidence_excerpt":"The Redemption Limitation Amendment Proposal For Against Abstain 9,163,473 2 0","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312524083348/0001193125-24-083348-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-03-28"}],"fact_type":"shareholder_vote"},{"claim_id":"66d6f666069a7c137c3c719c41cd50565d9e4524","claim":"Direct Selling Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2024-03-28 meeting.","evidence_excerpt":"The Extension Amendment Proposal For Against Abstain 9,124,632 38,843 0","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312524083348/0001193125-24-083348-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-03-28"}],"fact_type":"shareholder_vote"},{"claim_id":"bd864811ed2e734a0d16db504486a4f0ae45a010","claim":"Direct Selling Acquisition Corp. shareholders approved Founder Share Amendment Proposal at the 2024-03-28 meeting.","evidence_excerpt":"The Founder Share Amendment Proposal For Against Abstain 9,163,473 2 0","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1871745/000119312524083348/0001193125-24-083348-index.htm","confidence":1.0,"family_label":"Shareholder Votes","details":[{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2024-03-28"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}