Antara Capital Lp sold $5,029,128 worth of shares (477,600 units at $10.53) (SEC Form 4)
$DSAQ
Blank Checks
Finance
| FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). | ||||||||||||||||
| Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10. | |||||||||||||||||
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Direct Selling Acquisition Corp. [ DSAQ ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 04/27/2023 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
| Code | V | Amount | (A) or (D) | Price | ||||||
| Class A Common Stock, par value $0.0001 per share | 04/27/2023 | S(1) | 477,600 | D | $10.53 | 477,500 | I | See Footnotes(2)(3)(4)(5) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. The sale reported in this Form 4 occurred on April 27, 2023, in an open market by Antara Capital Master Fund LP ("Antara Master Fund"). |
| 2. Following the reported transaction, 477,500 shares of Class A Common Stock were held directly by Antara Capital Total Return SPAC Master Fund LP ("Antara SPAC Fund"). |
| 3. This Form 4 is being filed on behalf of (i) Antara Master Fund, a Cayman Islands exempted limited partnership, (ii) Antara SPAC Fund, a Cayman Islands exempted limited partnership, (iii) Antara Capital LP, a Delaware limited partnership ("Antara Capital"), (iv) Antara Capital GP LLC, a Delaware limited liability company ("Antara GP"), (v) Antara Capital Fund GP LLC, a Delaware limited liability company ("Antara Fund GP"), (vi) Antara Capital Total Return SPAC Fund GP LLC, a Delaware limited liability company ("SPAC Fund GP"), and (vi) Himanshu Gulati (collectively, the "Reporting Persons"). |
| 4. Antara Capital serves as the investment manager of Antara Master Fund and Antara SPAC Fund. Antara Fund GP is the general partner of Antara Master Fund, SPAC Fund GP is the general partner of Antara SPAC Fund, and Antara GP is the general partner of Antara Capital. Himanshu Gulati is the sole member of Antara Fund GP, SPAC Fund GP, and Antara GP. Because of the foregoing relationships each of Antara Capital and as a result of the sales reported under (1) and (2), Antara GP, Antara Fund GP, SPAC Fund GP and Himanshu Gulati may no longer be deemed to indirectly beneficially own the securities held directly by Antara Master Fund and/or Antara SPAC Fund. |
| 5. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that the Reporting Persons, or any other person is the beneficial owner of the securities reported herein for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| Antara Capital Master Fund LP, By: Antara Capital Fund GP LLC, Its: General Partner, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member | 05/13/2024 | |
| Antara Capital Fund GP LLC, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member | 05/13/2024 | |
| Antara Capital Total Return SPAC Master Fund LP, By: Antara Capital Total Return SPAC Fund GP LLC, Its: General Partner, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member | 05/13/2024 | |
| Antara Capital Total Return SPAC Fund GP LLC, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member | 05/13/2024 | |
| Antara Capital LP, By: Antara Capital GP LLC, Its: General Partner, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member | 05/13/2024 | |
| Antara Capital GP LLC, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member | 05/13/2024 | |
| /s/ Himanshu Gulati | 05/13/2024 | |
| ** Signature of Reporting Person | Date | |
| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
| * If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
| ** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
| Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||