---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-114434"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T09:56:02.931228+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Direct Digital Holdings repays $404K debt and terminates credit agreement with East West Bank

## Summary
- Repaid ~$403,696 in principal, interest, and fees to East West Bank; no prepayment penalties incurred.
- Terminated the Credit Agreement dated Sept 30, 2020, along with related Revolving Credit Note and Preferred Equity Subordination Agreement.
- All outstanding debt obligations under the Credit Agreement have been fully satisfied.

## SEC filing metadata
- accession: 0001104659-22-114434
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.02
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880613/000110465922114434/0001104659-22-114434-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000110465922114434/tm2229566d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-114434
- JSON: https://secwatch.observer/filing/0001104659-22-114434.json
- Plain text: https://secwatch.observer/filing/0001104659-22-114434.txt

## Key facts
- Material Agreements
  Direct Digital Holdings, Inc. terminated Credit Agreement with East West Bank valued at approximately $403,696.28 (effective 2022-07-26).
  - Action: termination
  - Agreement: credit facility
  - Counterparty: East West Bank
  - Value: approximately $403,696.28
  - Effective: 2022-07-26
  source text: On July 26, 2022, Direct Digital Holdings, Inc. (the “ Company ”) terminated its Credit Agreement, dated as of September 30, 2020 (as amended, the “ Credit Agreement ”), by and among the Company, Colossus Media, LLC, Huddled Masses LLC, Orange142, LLC, Universal Standards for Digital Marketing, LLC, and East West Bank (“ EWB ”), after having repaid in full all indebtedness under the Credit Agreement.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1880613/000110465922114434/0001104659-22-114434-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.