secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2026-01-29T23:59:59+00:00
Accession:  0001880613-26-000009
Event type: other_material
Sentiment:  neutral
Materiality: 0.20
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Direct Digital Holdings amends equity reserve facility pricing option with New Circle
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000188061326000009/0001880613-26-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000188061326000009/drct-20260123.htm
  HTML page:      https://secwatch.observer/filing/0001880613-26-000009

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer