Direct Digital gets Nasdaq delist determination; trading halts Oct 5, shares headed to OTC Pink

Direct Digital Holdings, Inc.

Nasdaq determined to delist Direct Digital after the company failed to comply with the minimum stockholders' equity requirement under Nasdaq Listing Rule 5550(b)(1) before its extension period ended.
Trading in Class A Common Stock (DRCT) will be suspended effective with the open of business on Monday, October 5, 2026.
Company may appeal to the Nasdaq Listing and Hearing Review Council within 15 days of the October 1, 2026 Delist Determination; the Council may separately elect to review within 45 days.
Nasdaq is expected to file a Form 25 with the SEC to formally delist the securities once all appeal and review periods have expired.
Shares are expected to trade on OTC Markets' OTC Pink 'Limited Information' tier under symbol DRCT; the company warns of a material adverse effect on trading price and volume.

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