Direct Digital Holdings adds $695K term loan, total debt $15.5M, maturity Oct 2026

Direct Digital Holdings, Inc.

New $695,000 term loan from Lafayette Square USA, matures Oct 12, 2026; funds $15,000 interest reserve and working capital.
Repayment: $20k weekly (Aug 31 week), then $100k weekly through Oct 5, final $175k at maturity.
Post-amendment total term loans outstanding $15,483,340; prior balance was $14,788,340.
Acknowledged $2,586,298 accrued interest/fees; $75k Twelfth Amendment fee and $13.5k Thirteenth fees due Sept 30, 2026.
Amendment confirms Aug 18, 2026 waiver deadlines and adds cash-flow variance financial covenant.

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