Direct Selling Acquisition (DSAQ)

Cash burn rate (est.)	Burn method: Change in cash		Burn method: Operating income		Burn method: FCF (opex + capex)
	Last Q	Avg 4Q	Last Q	Avg 4Q	Last Q	Avg 4Q
Cash on hand (at last report)	8.99 k	8.99 k	8.99 k	8.99 k	8.99 k	8.99 k
Cash burn (monthly)	16.44 k	70.86 k	88.50 k	348.51 k	57.44 k	353.77 k
Cash used (since last report)	45.92 k	197.86 k	247.14 k	973.18 k	160.41 k	987.87 k
Cash remaining	-36.93 k	-188.88 k	-238.15 k	-964.19 k	-151.42 k	-978.89 k
Runway (months of cash)	-2.2	-2.7	-2.7	-2.8	-2.6	-2.8

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Financial data from company earnings reports.

Institutional ownership, Q2 2024

DSAQ institutional ownership history Ownership history

13F holders	Current	Prev Q	Change
Total holders	5	18	-72.2%
Opened positions	1	16	-93.8%
Closed positions	14	0	NEW
Increased positions	0	0
Reduced positions	2	1	+100.0%

13F shares	Current	Prev Q	Change
Total value	3.10 bn	30.38 bn	-89.8%
Total shares	6.27 mm	8.59 mm	-27.0%
Total puts	0.00	0.00
Total calls	0.00	0.00
Total put/call ratio	–	–	–

Largest owners	Shares	Value	Change
Dsac Partners	5.75 mm	$57.10 mm	0.0%
Wolverine Asset Management	246.90 k	$2.74 mm	-0.4%
WRB W. R. Berkley	172.28 k	$1.92 bn	NEW
Exos Asset Management	100.00 k	$1.12 bn	0.0%
Spartan Fund Management	72.00	$804.00 k	-100.0%

Largest transactions	Shares	Bought/sold	Change
Cowen And	0.00	-336.06 k	EXIT
Periscope Capital	0.00	-300.00 k	EXIT
Mangrove Partners	0.00	-296.94 k	EXIT
Westchester Capital Management	0.00	-276.00 k	EXIT
HBCYF HSBC	0.00	-226.00 k	EXIT
Meteora Capital	0.00	-192.92 k	EXIT
Spartan Fund Management	72.00	-174.93 k	-100.0%
WRB W. R. Berkley	172.28 k	+172.28 k	NEW
Ubs Oconnor	0.00	-160.69 k	EXIT
LMR Partners	0.00	-150.00 k	EXIT

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

Recent insider trades

DSAQ insider ownership history Insider history

Date	Owner	Security	Transaction	Code	Indirect	10b5-1	#Shares	#Remaining
29 Mar 24	Dave Wentz	Class A Common Stock	Conversion	Acquire C	Yes	No	5,749,000	5,749,000
29 Mar 24	Dave Wentz	Class B Common Stock Class A Common Stock	Conversion	Dispose C	Yes	No	5,749,000	1,000
29 Mar 24	Dsac Partners	Class A Common Stock	Conversion	Acquire C	No	No	5,749,000	5,749,000
29 Mar 24	Dsac Partners	Class B Common Stock Class A Common Stock	Conversion	Dispose C	No	No	5,749,000	1,000

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.