Direct Selling SPAC extends deadline to complete business combination

Direct Selling Acquisition announced that its sponsor, DSAC Partners , has deposited an additional $2,300,000, representing 10c per public share into the Company’s trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from December 28 to March 28. The Extension provides the Company with additional time to complete its initial business combination. The Sponsor loaned the Extension Payment to the Company, which loan is convertible, at the Sponsor’s discretion, into warrants identical to the warrants issued in the Company’s private placement that was consummated in connection with the Company’s initial public offering.