secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2022-11-15T23:59:59+00:00
Accession:  0001104659-22-119136
Event type: other_material
Sentiment:  neutral
Materiality: 0.30
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Direct Digital Holdings subsidiary licenses SSP technology from SmartyAds for $500,000
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- Colossus Media, wholly owned subsidiary of Direct Digital Holdings, entered exclusive license and sale agreement for Colossus SSP technology from SmartyAds.
- One-time license fee of $500,000 for a copy of the technology, excluding additional support or customization services.
- License grants use, development, and improvement rights for Colossus SSP; restrictions on sublicensing, selling, or creating new products based on the technology.
- Customary representations, warranties, indemnification, and IP ownership provisions for modifications developed by either party.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000110465922119136/0001104659-22-119136-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000110465922119136/tm2230552d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-119136

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer