M&A: Direct Selling Acquisition Corp.

Form Type: 425

Filing Date: 2025-01-03

Corporate Action: Merger

Type: Update

Accession Number: 000119312525001572

Comments: On January 3, 2025, Direct Selling Acquisition Corp. (DSAQ) filed a Form 8-K updating the status of its proposed merger with Aeroflow Urban Air Mobility Private Limited, Hunch Technologies Limited, FlyBlade (India) Private Limited, and HTL Merger Sub LLC. The filing includes details about a recent amendment to the Business Combination Agreement, dated December 27, 2024, which alters the termination date for the business combination from December 27, 2024, to March 27, 2025. This report serves to inform stockholders about the ongoing business combination process, highlights the requirement for a registration statement on Form F-4 to be filed with the SEC, and emphasizes the importance of reading the proxy statement/prospectus when available. The 8-K also outlines potential risks and uncertainties involved in the merger, signaling the registrant's status as an emerging growth company and the implications of the amendments made to their agreements.

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Form Type: 8-K

Filing Date: 2025-01-03

Corporate Action: Merger

Type: Update

Accession Number: 000119312525001570

Comments: Direct Selling Acquisition Corp. reported an amendment to its Business Combination Agreement on December 27, 2024. The amendment modifies the termination date of the agreement to March 27, 2025. This agreement involves a business combination with Aeroflow Urban Air Mobility Private Limited, Hunch Technologies Limited, FlyBlade (India) Private Limited, and HTL Merger Sub LLC. Before this amendment, the termination date had been previously extended on June 28, 2024, and September 28, 2024. This report outlines the proposed business combination, which is expected to culminate in a registration statement on Form F-4 to be filed with SEC, including a preliminary proxy statement/prospectus. The report also underscores the importance of reviewing the definitive proxy statement for critical information before any voting or investment decisions are made.

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