Direct Selling Acquisition Corp.’s $230 Million Initial Public Offering

Winston & Strawn represented Direct Selling Acquisition Corp. in the transaction.

Direct Selling Acquisition Corp. executed its initial public offering of 23,000,000 units at a price of $10.00 per unit, including 3,000,000 units issued pursuant to the exercise by the underwriters of their over-allotment option in full. The units are listed on the New York Stock Exchange (“NYSE”) and began trading under the ticker symbol “DSAQ.U” on September 24, 2021. Each unit consists of one share of Class A common stock of the Company and one-half of one redeemable warrant with each whole warrant exercisable to purchase one share of Class A common stock at a price of $11.50 per share. The Class A common stock and warrants are listed on the NYSE under the symbols “DSAQ” and “DSAQ.WS,” respectively.

Direct Selling Acquisition Corp., led by CEO Dave Wentz, is a special purpose acquisition company formed with the purpose of entering into a business combination with one or more businesses. While the Company may pursue an initial business combination with a company in any sector or geography, it intends to focus its search on domestically based businesses within the direct selling industry.

BTIG, LLC acted as the sole bookrunner and I-Bankers Securities, Inc. acted as co-manager for the offering.

The Winston & Strawn team was led by partner David A. Sakowitz (Picture). 

Involved fees earner: David Sakowitz – Winston & Strawn;

Law Firms: Winston & Strawn;

Clients: Direct Selling Acquisition Corp.;