Direct Digital issues up to 50M shares to settle $3M vendor payable claims

Direct Digital Holdings, Inc.

Issued up to 50,000,000 shares to Continuation Capital to settle $3,020,932 in vendor payable claims.
Settlement price set at 76% of lower of VWAP or average of four lowest closing prices in a 5-day valuation period.
Paid additional 95,000 shares as a settlement fee upon agreement execution.
Court approved settlement on Nov 21, 2025; shares exempt from registration under Section 3(a)(10).

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Direct Digital Holdings, Inc. issued up to 50,000,000 shares of Class A Common Stock of common stock to Continuation Capital, Inc. for release of certain claims held by Continuation Capital related to third party vendor payables separately assigned to Continuation Capital in the amount of $3,02.

Security: common stock
Shares: up to 50,000,000 shares of Class A Common Stock
Purchaser: Continuation Capital, Inc.
Consideration: release of certain claims held by Continuation Capital related to third party vendor payables separately assigned to Continuation Capital in the amount of $3,02

Exact text from the filing

On November 20, 2025, Direct Digital Holdings, Inc. (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) with Continuation Capital, Inc. (“Continuation Capital”), pursuant to which we agreed to issue up to 50,000,000 shares of Class A Common Stock (the “Exchange Shares”) in exchange for the release of certain claims held by Continuation Capital related to third party vendor payables separately assigned to Continuation Capital in the amount of $3,020,932.

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Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.7

Direct Digital Holdings, Inc. issued 95,000 shares of Class A Common Stock of common stock to Continuation Capital, Inc. for settlement fee.

Security: common stock
Shares: 95,000 shares of Class A Common Stock
Purchaser: Continuation Capital, Inc.
Consideration: settlement fee

Exact text from the filing

Additionally, as partial consideration for the entry into the Settlement Agreement, the Company paid Continuation Capital a settlement fee of 95,000 shares of Class A Common Stock.

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32 equity issuances filed in the last 30 days. Browse all equity issuances →

Direct Digital Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001880613-25-000144

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