OTC Markets Group announced Direct Selling Acquisition has qualified to trade on the OTCQX Best Market. Direct Selling Acquisition previously traded on the New York Stock Exchange
The SPAC begins trading today on OTCQX under the symbol DSAQ.
The NYSE suspended trading in the SPAC’s shares late last month. Removal of the SPAC’s securities from the exchange was based on Direct Selling falling below a listing requirement to maintain an average global market capitalization of at least $40 million over 30 consecutive trading days.
The company in January announced a merger agreement with Hunch Technologies and Aeroflow Urban Air Mobility. The transaction implies a a pre-money market capitalization of $150 million. The SPAC in March said its sponsor would convert 5,749,000 Class B shares into Class A shares on a 1-for-1 basis. Read more.
