secwatch.observer — SEC 8-K summary
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Issuer:     Direct Digital Holdings, Inc. (DRCT)
CIK:        0001880613
Form:       8-K
Filed at:   2026-10-01T20:04:39+00:00
Accession:  0001880613-26-000111
Event type: debt
Sentiment:  negative
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

Direct Digital Holdings amends term loan, adds $1M-$3M revolver; $15.5M term loans outstanding
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1880613/000188061326000111/0001880613-26-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1880613/000188061326000111/drct-20260925.htm
  HTML page:      https://secwatch.observer/filing/0001880613-26-000111

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