Direct Selling Acquisition Corp. (OTC:DSAQ), a special purpose acquisition company, has amended its business combination agreement with Aeroflow Urban Air Mobility Private Limited, Hunch Technologies Limited, FlyBlade (India) Private Limited, and HTL Merger Sub LLC, extending the deadline to finalize the merger to March 27, 2025.
The original agreement, established on January 17, 2024, has undergone multiple amendments, with the most recent prior extension setting the termination date to December 27, 2024. The latest amendment, filed on January 3, 2025, marks the third such modification, indicating that the parties involved require additional time to meet the conditions necessary to complete the transaction.
The extension allows for the continued pursuit of regulatory approvals and the satisfaction of other closing conditions. Direct Selling Acquisition Corp. has not disclosed specific reasons for the delay. However, such amendments are common in complex business combinations, particularly those involving multiple international parties and regulatory jurisdictions.
Direct Selling Acquisition Corp.'s securities, including its Class A common stock (OTCQX:DSAQ) and redeemable warrants (OTC:DSAQ.W), are currently traded on the OTC Markets. The company's units, consisting of one share of Class A common stock and one-half of one redeemable warrant, are also traded under the symbol DSAQ.U.
Investors and stakeholders are advised to review the company's filings for further details on the proposed business combination and its progress. The amendment to the business combination agreement is filed with the U.S. Securities and Exchange Commission and is accessible to the public for scrutiny.
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