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Direct Selling Acquisition Priced, NYSE: DSAQ

Blank check company targeting domestically-based direct selling businesses (pending: Hunch Technologies).

Industry: SPAC

Latest Trade: $11.25 0.00 (0.0%)

First Day Return: +0.7%

Return from IPO: +12.5%

Industry: SPAC

We are a newly incorporated blank check company. While we may pursue an initial business combination with a company in any sector or geography, we intend to focus our search on domestically based businesses within the direct selling industry with enterprise values from $500 million to $2.0 billion. We intend to leverage the vast experience and one-of-kind relationships of our leadership team and expanded sponsor group to capitalize on what we believe to be significant market inefficiencies and growth opportunities within the direct selling industry. It is our belief that the domestic direct selling industry reached an inflection point in 2020 and is poised for additional growth over the near, mid and long-term. The direct selling industry is a forerunner of the “work from home” model and is an earlier version of the modern “gig economy”. We believe that the events of 2020 have either begun, or accelerated, a fundamental shift in in the dynamics of both the domestic and world-wide workforces. Large corporations such as Ford, Facebook, Infosys, Microsoft, Salesforce, Shopify, Siemens, Spotify, Square and Twitter, amongst many others, have recently announced plans to allow employees, who can, the ability to work from home indefinitely, at least part of the time. “Work from home” is becoming the new normal and any social stigma previously associated with the term may be gone forever.
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IPO Data
IPO File Date 08/23/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 09/23/2021
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 20.0
Deal Size ($mm) $200
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
BTIG
I-Bankers Securities
Company Data
Headquarters Plano, TX, United States
Founded 2021
Employees 3

Direct Selling Acquisition (DSAQ) Performance