NYSE to Commence Delisting Proceeding Against Direct Selling Acquisition Corp. (DSAQ)
April 29 2024 - 4:34PM
Business Wire
The New York Stock Exchange (“NYSE,” the “Exchange”) announced
today that the staff of NYSE Regulation has determined to commence
proceedings to delist the two securities enumerated below
(“Securities”) of Direct Selling Acquisition Corp. (the “Company”)
from the Exchange. Trading in the Company’s Securities will be
suspended immediately.
Symbol
Description
DSAQ
Class A common stock, par value
$0.0001 per share
DSAQ.U
Units, each consisting of one
share of Class A common stock and one-half of one redeemable
warrant
NYSE Regulation reached its decision to delist the Company’s
Securities pursuant to Section 802.01B of the NYSE’s Listed Company
Manual because the Company had fallen below the NYSE’s continued
listing standard requiring a listed acquisition company to maintain
an average aggregate global market capitalization attributable to
its publicly-held shares over a consecutive 30 trading day period
of at least $40,000,000.
The Company has a right to a review of this determination by a
Committee of the Board of Directors of the Exchange. The NYSE will
apply to the Securities and Exchange Commission to delist the
Securities upon completion of all applicable procedures, including
any appeal by the Company of the NYSE Regulation staff’s
decision.
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Company Contact:
jrb@directsellingcapital.com
NYSE Contact: NYSE
Communications PublicRelations-NYSE@ice.com