secwatch.observer — SEC 8-K summary
======================================

Issuer:     Direct Selling Acquisition Corp. (—)
CIK:        0001871745
Form:       8-K
Filed at:   2024-04-29T23:59:59+00:00
Accession:  0001193125-24-122685
Event type: regulatory
Sentiment:  negative
Materiality: 0.85
Item codes: 3.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

NYSE delists DSAQ for failing $40M market cap rule; moves to OTC Pink
---------------------------------------------------------------------

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1871745/000119312524122685/0001193125-24-122685-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1871745/000119312524122685/d827843d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-122685

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer