{"schema_version":"secwatch.filing_event.v1","accession":"0001880613-26-000109","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-08-28T20:02:36+00:00","discovered_at":"2026-08-28T20:04:00.625661+00:00","generated_at":"2026-08-28T20:04:11.554782+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Direct Digital Holdings adds $695K term loan, total debt $15.5M, maturity Oct 2026","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000109","json":"https://secwatch.observer/filing/0001880613-26-000109.json","markdown":"https://secwatch.observer/filing/0001880613-26-000109.md","text":"https://secwatch.observer/filing/0001880613-26-000109.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000109/0001880613-26-000109-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000109/drct-20260826.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-28T20:04:11.554782+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"}