{"schema_version":"secwatch.filing_event.v1","accession":"0001880613-26-000003","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-01-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.664695+00:00","generated_at":"2026-05-16T11:33:46.988573+00:00","sec_items":["5.02","5.07","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Shareholders approve reverse stock split, 100M share facility, plan increase, and settlement shares","bullets":["Authorized reverse stock split at ratio up to 250:1, board discretion to implement before Dec 26, 2026.","Authorized issuance of up to 100M shares of Class A common stock under Equity Reserve Facility with New Circle Principle Investments.","Approved amendment to 2022 Omnibus Incentive Plan, increasing authorized shares by 9M to total 16.5M shares.","Authorized issuance of up to 41,751,437 shares of Class A common stock as part of court-approved settlement.","All four proposals passed with over 97% of votes cast in favor."],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000003","json":"https://secwatch.observer/filing/0001880613-26-000003.json","markdown":"https://secwatch.observer/filing/0001880613-26-000003.md","text":"https://secwatch.observer/filing/0001880613-26-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000003/0001880613-26-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000003/drct-20251230.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T11:33:46.988573+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}