Application Pending to Transfer Shares to Nasdaq Global Market

PLANO, Texas, April 12, 2024 /PRNewswire/ -- Direct Selling Acquisition Corp. (NYSE:DSAQ) (the "Company") today announced its intention to voluntarily delist its Class A common stock, par value $0.0001 per share (the "Common Stock") and units, each consisting of one share of Class A common stock and one-half of one redeemable warrant (the "Units" and together with the Common Stock, the "Securities") from The New York Stock Exchange ("NYSE") and, as previously announced, the Company has made an application to have its Securities quoted on the Nasdaq Global Market ("Nasdaq"). The Company provided notice of the voluntary delisting to NYSE on April 12, 2024, and intends to timely file a Form 25 with the U.S. Securities and Exchange Commission (the "SEC") to effect the delisting of its Securities on or about April 23, 2024. The Company anticipates thereafter filing a Form 8-A with the SEC to register its Common Stock and Units on an accelerated basis on Nasdaq. Although the timing of the Company's decision was driven in part by the determination it could soon fall out of compliance with NYSE listing standards, the Company has been evaluating its listing options for some time and has concluded that, for the Company, the management attention required to maintain compliance with NYSE listing standards, outweighs the benefits of being listed on NYSE. Eliminating the effort required to maintain compliance with NYSE listing standards will better enable the Company to focus on completing a business combination with Hunch Technologies Limited, a private limited company incorporated in Ireland with registered number 607449 ("PubCo"). The Company has applied to have its Common Stock and Units quoted on Nasdaq and expects that the Common Stock will be quoted on Nasdaq under the ticker symbols "DSAQ" and the Units will be quoted on Nasdaq under the ticker symbol "DSAQU" on or about April 24, 2024, subject to the approval of Nasdaq. The Common Stock and Units will continue to trade on NYSE until that time under the ticker symbols "DSAQ" and "DSAQ.U", respectively. The Company expects that transferring its Common Stock and Units to Nasdaq will enable its investors to hold and trade its Securities without interruption.

The Company will remain subject to the periodic reporting requirements of the U.S. Securities Exchange Act of 1934, as amended, following the delisting of its Securities from NYSE. Shareholders of the Company will not be required to exchange any Securities, and the Company expects electronic trading to be available without any material disruption. Ultimately, the Company's board of directors determined that it is in the best interests of the Company and its shareholders to voluntarily delist the Company's Securities from NYSE and move to the Nasdaq at this time.

Comments

Direct Selling Acq Stock News

News

Latest Direct Selling Acq Stock News | OTC:DSAQ | Benzinga

Monday, April 29, 2024

Friday, April 12, 2024

Thursday, January 18, 2024

Wednesday, December 28, 2022

Friday, September 24, 2021