Direct Selling Acquisition Corp. (DSAQ.U) Prices $200M IPO


Direct Selling Acquisition Corp. (DSAQ.U) Prices $200M IPO

Sep 24, 2021 IPOs by Marlena Haddad

Direct Selling Acquisition Corp. announced the pricing of its $200 million IPO and its units are expected to begin trading on the NYSE under the symbol “DSAQ.U” Friday, September 23.

The Company intends to combine with domestically based businesses within the direct selling industry. Direct Selling is led by Chairman and CEO Dave Wentz, President and CFO Mike Lohner, and Chief Strategy Officer Wayne Moorehead.

Total SPAC deal count for 2021 year-to-date is now 441. This offering is expected to close on Tuesday, September 28.

BTIG, LLC is acting as the sole bookrunner for the offering. I-Bankers Securities, Inc. is acting as co-manager for the offering. Winston & Strawn LLP is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. Grant Thornton LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.