Direct Selling Acquisition priced its IPO of 20 million units at $10 each. Units began trading today on the NYSE under DSAQ.U. Each consists of one share and one-half of a warrant.
Once the securities begin separate trading, stock and warrants are expected to list under DSAQ and DSAQ WS.
The offering is expected to close Sept. 28.
The SPAC intends to focus its search on domestically based businesses within the direct selling industry.
BTIG is sole book-runner for the offering. I-Bankers Securities is co-manager. The underwriters have an over-allotment option to purchase up to an additional 3 million units. Read more.
