Direct Selling Acquisition said its board elected to extend the SPAC’s termination date from Dec. 28 to March 28, 2023. The SPAC’s sponsor intends to deposit $2.3 milion (10 cents a share) into the trust account.
The NYSE last month delisted the SPAC’s warrants from the exchange.
The SPAC raised $200 million in a September 2021 IPO with plans to focus on domestically based businesses within the direct selling industry. Read more.
