Direct Selling Acquisition Corp.: Nasdaq/NYSE listing notice — NYSE delists DSAQ for failing $40M market cap rule; moves to OTC Pink

Direct Selling Acquisition Corp.

NYSE suspended trading of DSAQ common stock and units on Apr 29, 2024; cited failure to maintain $40M public market cap for 30 days.
Securities expected to open on OTC Pink Market Apr 30 under symbols DSAQ and DSAQ.U; OTCQX application pending.
Nasdaq also deemed DSAQ securities ineligible for listing, forcing withdrawal of Nasdaq listing application.
Company has 10 business days to appeal NYSE delisting; remains subject to SEC periodic reporting.
DSAQ continues pursuing business combination with Hunch Mobility; proxy statement/prospectus to be filed with SEC.

item 3.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Direct Selling Acquisition Corp. received a nyse delisting notice notice regarding market value (rules 802.01B).

Exchange: nyse
Notice: delisting notice
Deficiency: market value
Rules: 802.01B

Exact text from the filing

April 29, 2024, Direct Selling Acquisition Corp. (“DSAQ” or the “Company”) received a notice (the “Delisting Notice”) from The New York Stock Exchange (“NYSE”) stating that NYSE has determined to delist the Company’s Class A common stock and units (collectively, the “Securities”) from NYSE and that trading in the Securities on NYSE had been suspended, effective at the close of trading on April 29, 2024. NYSE reached its decision pursuant to Rule 802.01B of the NYSE Listed Company Manual because the Company did not meet NYSE’s continued listing standard that requires listed acquisition companie

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Source: SEC EDGAR

accession 0001193125-24-122685

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