SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person*
Antara Capital LP

(Last) (First) (Middle)
55 HUDSON YARDS, 47TH FLOOR
SUITE C

(Street)
NEW YORK NY 10001

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/28/2023
3. Issuer Name and Ticker or Trading Symbol
Direct Selling Acquisition Corp. [ DSAQ ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
Form filed by One Reporting Person
X Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 955,100(1) I See Footnotes(1)(2)(3)(4)
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
1. Name and Address of Reporting Person*
Antara Capital LP

(Last) (First) (Middle)
55 HUDSON YARDS, 47TH FLOOR
SUITE C

(Street)
NEW YORK NY 10001

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Antara Capital Fund GP LLC

(Last) (First) (Middle)
55 HUDSON YARDS,
47TH FLOOR, SUITE C

(Street)
NEW YORK NY 10001

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Antara Capital Master Fund LP

(Last) (First) (Middle)
55 HUDSON YARDS,
47TH FLOOR, SUITE C

(Street)
NEW YORK NY 10001

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Antara Capital Total Return SPAC Master Fund LP

(Last) (First) (Middle)
55 HUDSON YARDS
47TH FLOOR, SUITE C

(Street)
NEW YORK NY 10001

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Antara Capital GP LLC

(Last) (First) (Middle)
55 HUDSON YARDS,
47TH FLOOR, SUITE C

(Street)
NEW YORK NY 10001

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Antara Capital Total Return SPAC Fund GP LLC

(Last) (First) (Middle)
55 HUDSON YARDS,
47TH FLOOR, SUITE C

(Street)
NEW YORK NY

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
1. Name and Address of Reporting Person*
Gulati Himanshu

(Last) (First) (Middle)
55 HUDSON YARDS
47TH FLOOR, SUITE C

(Street)
NEW YORK NY 10001

(City) (State) (Zip)

Relationship of Reporting Person(s) to Issuer
Director X 10% Owner
Officer (give title below) Other (specify below)
Explanation of Responses:
1. The reported securities are held as follows: (i) 477,600 shares of Class A Common Stock are held directly by Antara Capital Master Fund LP ("Antara Master Fund") and (ii) 477,500 shares of Class A Common Stock are held directly by Antara Capital Total Return SPAC Master Fund LP ("Antara SPAC Fund").
2. This Form 3 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").
3. 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, Antara GP, Antara Fund GP, SPAC Fund GP and Himanshu Gulati may be deemed to indirectly beneficially own the securities held directly by Antara Master Fund and/or Antara SPAC Fund and each disclaims beneficial ownership of all such securities except to the extent of their respective pecuniary interest therein.
4. 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.
Remarks:
Exhibit 24.1 - Power of Attorney
Antara Capital Master Fund LP, By: Antara Capital Fund GP LLC, Its: General Partner, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member 04/04/2023
Antara Capital Fund GP LLC, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member 04/04/2023
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 04/04/2023
Antara Capital Total Return SPAC Fund GP LLC, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member 04/04/2023
Antara Capital LP, By: Antara Capital GP LLC, Its: General Partner, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member 04/04/2023
Antara Capital GP LLC, By: /s/ Himanshu Gulati, Name: Himanshu Gulati, Title: Sole Member, /s/ Himanshu Gulati 04/04/2023
Himanshu Gulati 04/04/2023
** 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 5 (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).
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