Direct Digital Holdings receives Nasdaq delisting notice for failure to meet equity requirement; will appeal

Direct Digital Holdings, Inc.

Nasdaq will suspend DRCT trading on April 28, 2025 for failing to meet minimum stockholders' equity requirement.
Company missed extension deadline of April 16, 2025 to complete capital raising and show compliance.
Company plans to appeal to Nasdaq Hearings Panel; trading continues on Nasdaq during appeal process.
No guarantee the Panel will grant an extension or that compliance can be regained.

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