Hunch Mobility, a Leading Provider of Urban Air Mobility in the Indian Subcontinent, Enters Into Business Combination Agreement With Direct Selling Acquisition Corp.
Direct Selling Acquisition Corp. Class A (DSAQ)
Company Research
Source: Business Wire
Hunch Mobility Is an Urban Air Mobility Platform Dedicated To Providing “By-The-Seat” Short Distance Air Mobility Services in IndiaOperated More Than 1,626 Flights to Date, With an Expected Addressable Market of at Least 20 Million Flyers in 2027Transaction Implies a Pro Forma Enterprise Value of $223 Million, With an Implied Pre-Money Market Capitalization of $150 MillionAs part of the transaction, an investor with majority economic, non-voting interest in DSAQ’s Sponsor (“Investor”) has committed to investing up to $20 Million in the form of equity purchases in DSAQ subject to non-redemption, convertible notes of the Company, and convertible preferred shares of DSAQHunch Ventures has committed to investing $3 Million in the form of convertible preferred shares of PubCoHunch Mobility Shareholders Expected To Roll 100% of Their Equity in Exchange for 52.0% Ownership of the Combined Company (As Defined Below) NEW YORK--(BUSINESS WIRE)--FlyBlade (India) Private Limited (“Hunch Mobili
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DSAQ
Sec Filings
- 4/12/24 - Form 425
- 4/12/24 - Form 8-K
- 4/11/24 - Form SC
- DSAQ's page on the SEC website