{"schema_version":"secwatch.filing_event.v1","accession":"0001880613-26-000111","form_type":"8-K","ticker":"DRCT","cik":"0001880613","company_name":"Direct Digital Holdings, Inc.","filed_at":"2026-10-01T20:04:39+00:00","discovered_at":"2026-10-01T20:05:00.315533+00:00","generated_at":"2026-10-12T14:21:43.923435+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"negative","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Direct Digital Holdings amends term loan, adds $1M-$3M revolver; $15.5M term loans outstanding","bullets":["Fourteenth Amendment provides revolving credit facility with initial commitment up to $1.0M, may increase to $3.0M, maturing Dec 3, 2026; funds $71,000 interest reserve plus working capital.","Existing term loans aggregate principal $15,483,340.08; after amendment, $15.5M term loans outstanding with up to $1.0M revolver available.","Acknowledges unpaid amounts: $120,000 Thirteenth Amendment principal due, $13,500 Thirteenth fees, $45,000 Fourteenth fees, $20,000 Fourteenth Amendment fee, $75,000 Twelfth fee.","Interest, fees, costs accrued since July 31, 2025 total $3,025,704.09; Seventh Amendment Closing Fee $1,000,000 and $85,906 Seventh Amendment Fee outstanding.","Failure to pay Section 3 amounts constitutes immediate Event of Default; Lafayette Square USA held Series A Preferred face amount $27,077,000 plus $1,912,054 accrued dividends."],"urls":{"canonical":"https://secwatch.observer/filing/0001880613-26-000111","json":"https://secwatch.observer/filing/0001880613-26-000111.json","markdown":"https://secwatch.observer/filing/0001880613-26-000111.md","text":"https://secwatch.observer/filing/0001880613-26-000111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000111/0001880613-26-000111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1880613/000188061326000111/drct-20260925.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:21:43.923435+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"}