secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2026-08-28T20:02:36+00:00
Accession:  0001880613-26-000109
Event type: debt
Sentiment:  negative
Materiality: 0.65
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000188061326000109/0001880613-26-000109-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000188061326000109/drct-20260826.htm
  HTML page:      https://secwatch.observer/filing/0001880613-26-000109

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer