Home > Insider Trading > Latest 13D and 13G Filings > 13G Filing (0001085146-25-001239)

Filing Details

Accession Number:: 0001085146-25-001239
Form Type:: 13G Filing
Publication Date:: 2025-02-12 19:00:00

Filed By:: COWEN AND COMPANY, LLC
Company:: Direct Selling Acquisition Corp.
Filing Date:: 2025-02-13
SEC Url:: 13G Filing

Ownership Summary

Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.

Name	Beneficially Owned Number of Shares	Beneficially Owned Number of Aggregate Shares	Percent of Class
COWEN AND COMPANY, LLC	0	134,623	1.6%
Cowen Financial Products LLC	0	150,000	1.8%

Filing

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 2)

Direct Selling Acquisition Corp.

(Name of Issuer)

Class A common stock, par value $0.0001 per share

(Title of Class of Securities)

25460L103

(CUSIP Number)

12/31/2024

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No.

25460L103

Names of Reporting Persons

COWEN AND COMPANY, LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 134,623.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 134,623.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

134,623.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

1.6 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

CUSIP No.

25460L103

Names of Reporting Persons

Cowen Financial Products LLC

Check the appropriate box if a member of a Group (see instructions)

(a)

(b)

Sec Use Only

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 150,000.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 150,000.00
8	Shared Dispositive Power 0.00

Aggregate Amount Beneficially Owned by Each Reporting Person

150,000.00

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

Checkbox not checked

Percent of class represented by amount in row (9)

1.8 %

Type of Reporting Person (See Instructions)

SCHEDULE 13G

Item 1.

(a)

Name of issuer:

Direct Selling Acquisition Corp.

(b)

Address of issuer's principal executive offices:

5800 Democracy Drive Plano, TEXAS 75024

Item 2.

(a)

Name of person filing:

COWEN AND COMPANY, LLC Cowen Financial Products LLC

(b)

Address or principal business office or, if none, residence:

599 LEXINGTON AVENUE 20TH FLOOR NEW YORK, New York 10022

(c)

Citizenship:

COWEN AND COMPANY, LLC - DELAWARE Cowen Financial Products LLC - DELAWARE

(d)

Title of class of securities:

Class A common stock, par value $0.0001 per share

(e)

CUSIP No.:

25460L103

Item 3.

If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

(a)

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

(b)

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

(c)

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

(d)

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

(e)

An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f)

An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g)

A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h)

A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i)

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j)

A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J),
please specify the type of institution:

(k)

Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

Item 4.

Ownership

(a)

Amount beneficially owned:

284,623

(b)

Percent of class:

3.4 %

(c)

Number of shares as to which the person has:

(i) Sole power to vote or to direct the vote:

COWEN AND COMPANY, LLC - 134,623 Cowen Financial Products LLC - 150,000

(ii) Shared power to vote or to direct the vote:

COWEN AND COMPANY, LLC - 0 Cowen Financial Products LLC - 0

(iii) Sole power to dispose or to direct the disposition of:

COWEN AND COMPANY, LLC - 134,623 Cowen Financial Products LLC - 150,000

(iv) Shared power to dispose or to direct the disposition of:

COWEN AND COMPANY, LLC - 0 Cowen Financial Products LLC - 0

Item 5.

Ownership of 5 Percent or Less of a Class.

Ownership of 5 percent or less of a class

Item 6.

Ownership of more than 5 Percent on Behalf of Another Person.

Not Applicable

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not Applicable

Item 8.

Identification and Classification of Members of the Group.

Not Applicable

Item 9.

Notice of Dissolution of Group.

Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

COWEN AND COMPANY, LLC

Signature:	/s/ John Holmes
Name/Title:	Vice President and Managing Director
Date:	02/11/2025

Cowen Financial Products LLC

Signature:	/s/ John Holmes
Name/Title:	Chief Operating Officer
Date:	02/11/2025

Comments accompanying signature: Cowen and Company, LLC signed by TD Securities (USA) LLC, as successor in interest

Exhibit Information

Exhibit I JOINT FILING AGREEMENT This will confirm the agreement by and among the undersigned that the Schedule 13G filed with the Securities and Exchange Commission on or about the date hereof with respect to the beneficial ownership by the undersigned of the common stock of Direct Selling Acquisition Corp will be filed on behalf of each of the persons and entities named below in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended. This Agreement may be executed in two or more counterparts, each of which shall be deemed an original, but all of which together shall constitute one and the same instrument. February 11 2025 Cowen and Company, LLC By TD Securities (USA) LLC, as successor in interest By: /s/ John Holmes Name: John Holmes Title: Vice President and Managing Director Cowen Financial Products LLC By: /s/ John Holmes Name: John Homes Title: Chief Operating Officer