{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-108339","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2023-10-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.263857+00:00","generated_at":"2026-06-10T02:52:36.979049+00:00","sec_items":["1.01","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Direct Digital Holdings enters $3.587M delayed draw term loan to fund warrant tender offer","bullets":["Borrowed $3,587,274.03 under a delayed draw term loan from the 2021 Term Loan and Security Agreement.","Proceeds used to fund payments related to the 2023 warrant tender offer and associated fees and expenses.","After this draw, no additional term loans or delayed draw term loans remain available under the facility.","Fourth Amendment made technical amendments to negative covenants to permit the warrant tender transaction."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-108339","json":"https://secwatch.observer/filing/0001104659-23-108339.json","markdown":"https://secwatch.observer/filing/0001104659-23-108339.md","text":"https://secwatch.observer/filing/0001104659-23-108339.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923108339/0001104659-23-108339-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923108339/tm2328090d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T02:52:36.979049+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5c291d2a7563c40f5cd90a60a79634ff21df7b89","claim":"Direct Digital Holdings, Inc. amended Fourth Amendment with Lafayette Square Loan Servicing, LLC, as administrative agent valued at $3,587,274.03 (effective 2023-10-03).","evidence_excerpt":"On October 3, 2023, Direct Digital Holdings, LLC (“ DDH LLC ”), as borrower, entered into the Fourth Amendment (the “ Amendment ”) to the Term Loan and Security Agreement, dated December 3, 2021 (the “ 2021 Credit Facility ”) with Direct Digital Holdings, Inc., Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, as guarantors, and Lafayette Square Loan Servicing, LLC, as administrative agent, and the various lenders thereto.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000110465923108339/0001104659-23-108339-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"Lafayette Square Loan Servicing, LLC, as administrative agent"},{"label":"Value","value":"$3,587,274.03"},{"label":"Effective","value":"2023-10-03"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}