Direct Selling Acquisition Corp. (OTC:DSAQ), a special purpose acquisition company, announced on Monday an amendment to its existing Business Combination Agreement with Aeroflow Urban Air Mobility Private Limited, Hunch Technologies Limited, FlyBlade (India) Private Limited, and HTL Merger Sub LLC.
The amendment, filed with the Securities and Exchange Commission (SEC), extends the "Termination Date" of the agreement to September 28, 2024. This new deadline allows the parties involved additional time to consummate the transactions outlined in the Business Combination Agreement, initially entered into on January 17, 2024.
Direct Selling Acquisition Corp., based in Plano, Texas, operates within the blank check industry under the SIC code 6770 and is incorporated in Delaware. The extension of the termination date suggests that while the merger process is ongoing, more time is required to meet the conditions for completion.
The Business Combination Agreement and its amendment are integral to the proposed merger involving Direct Selling Acquisition Corp., Aeroflow Urban Air Mobility, Hunch Technologies Limited, FlyBlade (India), and HTL Merger Sub LLC. The details of the amendment can be found in the Exhibit 2.1 of the SEC filing.
The merger, if completed, would result in the combined entity operating under a new structure, with potential impacts on the respective businesses and markets they serve. The registrant's telephone number is provided as (214) 380-6020, and the business address is 5800 Democracy Drive, Plano, TX 75024.
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