Private company

Direct Selling Acquisition Corp.

American blank check company, incorporated in Delaware1

In its 2024 annual report the company says: “We are a blank check company incorporated on March 9, 2021 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We have neither engaged in any operations nor generated any revenue to date.”4 It is headquartered in Plano, Texas.1

Last updated Oct 20, 2026.

Overview

-$269.9KNet income, fiscal 20232
  • IndustryBlank Checks1
  • HeadquartersPlano, Texas1
  • Incorporated inDE3
  • Business address5800 Democracy Drive, Plano, Tx 750243
  • Filer category, Emerging growth company3

We are a blank check company incorporated on March 9, 2021 as a Delaware corporation and formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. We have neither engaged in any operations nor generated any revenue to date. Based on our business activities, the Company is a “shell company” as defined under the Securities Exchange Act of 1934 (the “Exchange Act”) because we have no operations and nominal assets consisting almost entirely of cash.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Financial statements

Operating income2-$4.7M in 2023+156% since 2022
-$6.0M-$4.0M-$2.0M02022: -$1.8M-$1.8M20222023: -$4.7M-$4.7M2023+156%
Net income2-$269.9K in 2023
-$5.0M0$5.0M$10.0M$15.0M2022: $11.6M$11.6M20222023: -$269.9K-$269.9K2023
Fiscal year202120222023
Operating expenses$1.8M2$4.7M2
Operating income-$1.8M2-$4.7M2
Income before tax$12.2M2$667.1K2
Income tax$646.9K2$937.0K2
Net income$11.6M2-$269.9K2

Compare Direct Selling Acquisition Corp. with another company

Corporate structure

Direct Selling Acquisition Corp. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Direct Selling Acquisition Corp.

  • COWEN AND COMPANY, LLC Filed SCHEDULE 13G/A on Direct Selling Acquisition Corp., latest Feb 13, 2025 (3 filings since May 4, 2023)
  • Polar Asset Management Partners Inc. Filed SC 13G/A on Direct Selling Acquisition Corp., latest Nov 14, 2024 (3 filings since Feb 9, 2023)
  • Alberta Investment Management Corporation Filed SC 13G/A on Direct Selling Acquisition Corp., latest Nov 13, 2024 (2 filings since Feb 12, 2024)
  • PERISCOPE CAPITAL INC. Filed SC 13G/A on Direct Selling Acquisition Corp., latest Nov 12, 2024 (2 filings since Feb 9, 2024)
  • MANGROVE PARTNERS IM, LLC Filed SC 13G/A on Direct Selling Acquisition Corp., latest Oct 25, 2024 (2 filings since Feb 14, 2024)
  • Antara Capital LP Filed SC 13G/A on Direct Selling Acquisition Corp., latest May 13, 2024 (2 filings since Apr 5, 2023)
  • WOLVERINE ASSET MANAGEMENT LLC Filed SC 13G/A on Direct Selling Acquisition Corp., latest Apr 11, 2024 (2 filings since Feb 8, 2024)
  • Shaolin Capital Management LLC Filed SC 13G/A on Direct Selling Acquisition Corp., latest Feb 14, 2024 (2 filings since Feb 14, 2023)
  • Saba Capital Management, L.P. Filed SC 13G/A on Direct Selling Acquisition Corp., latest Feb 7, 2024 (4 filings since Nov 15, 2021)
  • HIGHBRIDGE CAPITAL MANAGEMENT LLC Filed SC 13G/A on Direct Selling Acquisition Corp., latest Jan 19, 2024 (2 filings since Feb 2, 2023)
  • DSAC PARTNERS LLC Filed SC 13G on Direct Selling Acquisition Corp., latest Feb 8, 2022
  • Direct Selling Acquisition Corp. Plano, Texas

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Direct Selling Acquisition Corp. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$467.3K2 Dec 31, 2023$1.2M2 Dec 31, 2022−59.4%

Leadership

Who has led Direct Selling Acquisition Corp., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Dave Wentz2021–2024

Chief financial officer

  1. Mike Lohner2021
2025
  • Chief executive officerDave Wentz Sep 23, 2021 to Apr 2, 20249
  • Chief financial officerMike Lohner Sep 23, 2021 to Sep 23, 202110
Board members and other officers (8)

Timeline

  1. Apr 1, 20258-K Bylaws or fiscal year changed; Shareholder vote16
  2. Jan 3, 20258-K Entered a material agreement17
  3. Oct 1, 20248-K Entered a material agreement18
  4. Jul 1, 20248-K Entered a material agreement19
  5. May 23, 20248-K Other events20
  6. Apr 29, 20248-K Listing notice or transfer; Other events21
  7. Apr 12, 20248-K Listing notice or transfer22
  8. Apr 1, 20248-K New debt or obligation; Bylaws or fiscal year changed; Shareholder vote23
  9. Mar 27, 20248-K Shareholder vote24
  10. Mar 22, 20248-K Shareholder vote; Other events25
  11. Mar 22, 20248-K Other events26
  12. Mar 20, 20248-K Other events27
  13. Sep 23, 2021New chief executive Dave Wentz becomes CEO9

Filings

106 filings to the SEC since October 2021: 4 annual reports, 12 quarterly reports, 22 major events, 4 insider forms, 25 large holders, 39 other. The latest 20:

  1. Apr 1, 2025NT 10-K EDGAR
  2. Apr 1, 2025DEFA14A EDGAR
  3. Apr 1, 2025425 EDGAR
  4. Apr 1, 20258-K EDGAR
  5. Mar 14, 2025DEFA14A EDGAR
  6. Mar 11, 2025DEF 14A EDGAR
  7. Feb 25, 2025PRE 14A EDGAR
  8. Feb 13, 2025SCHEDULE 13G/A EDGAR
  9. Jan 3, 2025425 EDGAR
  10. Jan 3, 20258-K EDGAR
  11. Nov 14, 2024SC 13G/A 13GA EDGAR
  12. Nov 14, 202410-Q EDGAR
  13. Nov 13, 2024SC 13G/A EDGAR
  14. Nov 12, 2024SC 13G/A EDGAR
  15. Oct 25, 2024SC 13G/A EDGAR
  16. Oct 1, 2024425 EDGAR
  17. Oct 1, 20248-K EDGAR
  18. Aug 14, 202410-Q EDGAR
  19. Jul 1, 2024425 EDGAR
  20. Jul 1, 20248-K EDGAR

The 106 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 0 buys and 1 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Apr 27, 2023Antara Capital Fund GP LLC10% ownerSale477,600$10.53$5.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Direct Selling Acquisition Corp. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDirect Selling Acquisition Corp.1
  • CIK0001871745
  • Employer ID (EIN)86-36767851
  • Filer status<br>emerging growth company1
  • Incorporated inDelaware1
  • Fiscal year endsDecember 311
  • Industry code (SIC)6770 Blank Checks1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address5800 Democracy Drive, Plano, TX 750241
  • Phone21430860201
  • Public float$59.8M as of Jun 30, 202339
  • On EDGAR sinceJul 16, 20211
  • Filings128 in all: 8-K (23), 425 (18), SC 13G/A (13), 10-Q (11), SC 13G (11), DEFA14A (10), 3 (9), 10-K (3)1
    All 26 form types

    4 (3), CORRESP (3), DEF 14A (3), PRE 14A (3), UPLOAD (3), 25-NSE (2), S-1/A (2), 10-K/A (1), 10-Q/A (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), NT 10-K (1), NT 10-Q (1), S-1 (1), SCHEDULE 13G/A (1)

  • Latest filingsAnnual report (10-K) Apr 1, 2024
    Quarterly report (10-Q) Nov 14, 2024
    Proxy statement (DEF 14A) Mar 11, 2025
    Latest 8-K (8-K) Apr 1, 2025

Sources

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    SEC EDGAROther events
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