---
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"
generated_at: "2026-08-21T13:03:06.587073+00:00"
event_type: "debt"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880613-26-000104
- JSON: https://secwatch.observer/filing/0001880613-26-000104.json
- Plain text: https://secwatch.observer/filing/0001880613-26-000104.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.