Direct Digital Holdings, Inc. (DRCT): Nasdaq/NYSE listing notice — Direct Digital receives Nasdaq bid price non-compliance notice; sells 1.1M shares for $571k

Direct Digital Holdings, Inc.

Nasdaq notified DRCT of non-compliance with minimum bid price rule ($1.00) for 30 consecutive business days; 180-day cure period until Nov 10, 2025.
Company sold 1,100,000 shares of Class A common stock to New Circle Principal Investments for $570,924 cash from May 13-16, 2025.
If compliance not regained by Nov 10, may be eligible for 180-day extension subject to meeting other Nasdaq listing standards.
Immediate trading unaffected; company evaluating options including potential reverse stock split to cure deficiency.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Direct Digital Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: minimum bid price
Rules: 5450(a)(1)

Exact text from the filing

received a notice (the “ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that because the closing bid price of the Company’s Class A common stock, par value $0.001 per share (the “ Class A Common Stock ”) was below $1.00 per share for the prior 30 consecutive business days, the Company is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “ Rule ”). The Notice states that the Company has 180 calendar

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20 listing & compliance notices filed in the last 30 days. Browse all listing & compliance notices →

Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001628280-25-026328

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