{"schema_version":"secwatch.filing_event.v1","accession":"0001880613-26-000104","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-08-21T13:02:26+00:00","discovered_at":"2026-08-21T13:03:00.764667+00:00","generated_at":"2026-08-21T13:03:06.587073+00:00","sec_items":["1.01","8.01","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Direct Digital Holdings gets loan default waivers, Nasdaq extension to Sept 15","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000104","json":"https://secwatch.observer/filing/0001880613-26-000104.json","markdown":"https://secwatch.observer/filing/0001880613-26-000104.md","text":"https://secwatch.observer/filing/0001880613-26-000104.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000104/0001880613-26-000104-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000104/drct-20260814.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-21T13:03:06.587073+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"}