Golden Flag Counsels DSAQ on Business Combination with Hunch Mobility
Golden Flag International Law Firm , acting as U.S. counsel, advised Direct Selling Acquisition Corp. (DSAQ) (NYSE: DSAQ), a special purpose acquisition company, on its definitive business combination agreement with FlyBlade (India) Private Limited (Hunch Mobility), a leading provider of urban air mobility in the Indian subcontinent, and certain other parties. The newly combined company is expected to have an estimated post-transaction enterprise value of $223 million, assuming no redemptions by DSAQ’s public stockholders. Upon the closing of the transaction, the combined company is expected to be called Hunch Technologies Limited, and its common shares are expected to be listed on the New York Stock Exchange under the symbol “HNCH.” This transaction is expected to close in 2024, subject to regulatory and stockholder approvals.
The Golden Flag team was led by corporate partners Dov Kogen and Zach Miller and associate Brandon King; capital markets partners Peter Seligson, Christian Nagler and Anthony Zangrillo and associate Abdullah Khan; and tax partners Liam Murphy and Mark Schwed.
