Direct Selling Acquisition Corp. Confirms Funding And Extension Of Deadline To Complete Initial Business Combination To March 28, 2023

Direct Selling Acquisition Corp. (NYSE:DSAQ) (the "Company") announced today that its sponsor, DSAC Partners LLC (the "Sponsor"), has deposited an additional $2,300,000 (representing $0.10 per public share) (the "Extension Payment") into the Company's trust account for its public stockholders. This deposit enables the Company to extend the date by which the Company has to complete its initial business combination from December 28, 2022 to March 28, 2023 (the "Extension"). The Extension provides the Company with additional time to complete its initial business combination.

The Sponsor loaned the Extension Payment to the Company, which loan is convertible, at the Sponsor's discretion, into warrants identical to the warrants issued in the Company's private placement that was consummated in connection with the Company's initial public offering.