{"schema_version":"secwatch.filing_event.v1","accession":"0001880613-26-000009","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-01-29T23:59:59+00:00","discovered_at":"2026-05-14T18:02:36.665164+00:00","generated_at":"2026-05-16T06:34:07.569492+00:00","sec_items":["1.01","9.01"],"event_type":"other_material","sentiment":"neutral","materiality_score":0.2,"calibrated_materiality_score":0.2,"confidence":"high","headline":"Direct Digital Holdings amends equity reserve facility pricing option with New Circle","bullets":["Amendment No. 2 changes Option 1 Pricing Period start time for share purchases; notice before 9 AM ET uses open of trading, after uses acceptance time.","Original $100M commitment and 97.5% discount for Option 2 pricing remain unchanged.","Proceeds from share sales expected to reduce debt and for general corporate purposes; no guarantee any shares will be issued.","Amendment dated January 23, 2026; rest of Purchase Agreement unchanged."],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000009","json":"https://secwatch.observer/filing/0001880613-26-000009.json","markdown":"https://secwatch.observer/filing/0001880613-26-000009.md","text":"https://secwatch.observer/filing/0001880613-26-000009.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000009/0001880613-26-000009-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000009/drct-20260123.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T06:34:07.569492+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":"38b895d67fee0bb6d1a02434d5cbdf58d1ed881a","claim":"Direct Digital Holdings, Inc. amended Amendment No. 2 to Share Purchase Agreement with New Circle Principal Investments LLC (effective 2026-01-23).","evidence_excerpt":"On January 23, 2026, Direct Digital Holdings, Inc., a Delaware Corporation (the “ Company ”), entered into an Amendment No. 2 to Share Purchase Agreement (the “ Amendment ”) with New Circle Principal Investments LLC, a Delaware limited liability company (“ New Circle ”), which amends the Share Purchase Agreement, dated October 18, 2024 and amended as of October 24, 2025, between the Company and New Circle (as amended, the “ Purchase Agreement ”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000009/0001880613-26-000009-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"New Circle Principal Investments LLC"},{"label":"Effective","value":"2026-01-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}