Direct Digital Holdings gets loan default waivers, Nasdaq extension to Sept 15

Direct Digital Holdings, Inc.

Lender waives Q2 2026 covenant breaches: min cash $450k, leverage ≤3.50x, fixed charge ≥1.25x, EBITDA ≥$200k.
Missed interest for May-July 2026 and Twelfth Amendment fees deferred to Sept 30, 2026; August interest also due then.
Waivers for cash covenant and refinancing/preferred transaction defaults expire Aug 31, 2026; compliance required Sept 1.
Nasdaq panel extends stockholders' equity compliance deadline to Sept 15, 2026; company must update progress then.
No immediate delisting; DRCT continues trading on Nasdaq Capital Market pending panel review.

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