Direct Selling Acquisition Corp. (the “Company”) is a blank check company incorporated as a Delaware corporation on March 9, 2021, for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar Business Combination with one or more businesses (the “Business Combination”). The Company may pursue an initial Business Combination target in any business or industry.
Company profile
Ticker
DSAQ, DSAQ.UN
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Corporate docs
IRS number
863676785
DSAQ stock data
Latest filings (excl ownership)
425
Business combination disclosure
1 Jul 24
8-K
Entry into a Material Definitive Agreement
1 Jul 24
425
Business combination disclosure
23 May 24
8-K
OTC Markets Group Welcomes Direct Selling Acquisition Corp. to OTCQX
23 May 24
10-Q
2024 Q1
Quarterly report
20 May 24
10-K/A
2023 FY
Annual report (amended)
20 May 24
NT 10-Q
Notice of late quarterly filing
15 May 24
25-NSE
Exchange delisting
15 May 24
425
Business combination disclosure
29 Apr 24
425
Business combination disclosure
29 Apr 24
Latest ownership filings
SC 13G/A
Antara Capital LP
13 May 24
4
Himanshu Gulati
13 May 24
SC 13G/A
WOLVERINE ASSET MANAGEMENT LLC
11 Apr 24
4
DAVE WENTZ
2 Apr 24
4
Change in insider ownership
2 Apr 24
SC 13G/A
Shaolin Capital Management LLC
14 Feb 24
SC 13G
MANGROVE PARTNERS IM, LLC
14 Feb 24
SC 13G
Alberta Investment Management Corp
12 Feb 24
SC 13G/A
Polar Asset Management Partners Inc.
12 Feb 24
SC 13G
PERISCOPE CAPITAL INC.
9 Feb 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | |
---|---|---|---|---|
Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
Cash on hand | ||||
Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.45 mm | 1.45 mm | 1.45 mm | 1.45 mm | 1.45 mm | 1.45 mm |
Cash burn (monthly) | (no burn) | (no burn) | 1.50 mm | 727.62 k | 50.62 k | 246.19 k |
Cash used (since last report) | n/a | n/a | 5.80 mm | 2.81 mm | 195.72 k | 951.86 k |
Cash remaining | n/a | n/a | -4.35 mm | -1.36 mm | 1.26 mm | 499.61 k |
Runway (months of cash) | n/a | n/a | -2.9 | -1.9 | 24.8 | 2.0 |
Institutional ownership, Q4 2023
13F holders | Current |
---|---|
Total holders | 1 |
Opened positions | 0 |
Closed positions | 28 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 57.10 mm |
Total shares | 5.75 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Dsac Partners | 5.75 mm | $57.10 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
29 Mar 24 | Dave Wentz | Class A Common Stock | Conversion | Acquire C | Yes | No | 0 | 5,749,000 | 0.00 | 5,749,000 |
29 Mar 24 | Dave Wentz | Class B Common Stock Class A Common Stock | Conversion | Dispose C | Yes | No | 0 | 5,749,000 | 0.00 | 1,000 |
29 Mar 24 | Dsac Partners | Class A Common Stock | Conversion | Acquire C | No | No | 0 | 5,749,000 | 0.00 | 5,749,000 |
29 Mar 24 | Dsac Partners | Class B Common Stock Class A Common Stock | Conversion | Dispose C | No | No | 0 | 5,749,000 | 0.00 | 1,000 |
27 Apr 23 | Antara Capital | Class A Common Stock, par value $0.0001 per share | Sell | Dispose S | Yes | No | 10.53 | 477,600 | 5.03 mm | 477,500 |