Direct Digital Holdings to voluntarily delist from Nasdaq Nov 12; will deregister stock with SEC

Direct Digital Holdings, Inc.

Board authorized withdrawal Oct 20, 2026; Form 25 due on or about Nov 2, delisting effective ~Nov 12, 2026, with Section 12(b) registration ending ~Jan 31, 2027.
Nasdaq issued its delist determination Oct 1, 2026 after the company failed Listing Rule 5550(b)(1); trading has been suspended since Oct 5, 2026.
Class A shares now quote on the OTC Pink 'Limited Information' tier as DRCT and are expected to stay there; a higher OTC tier is under discussion only.
Company plans a Form 15 to deregister under Section 12(g) and suspend Section 15(d) reporting, ending 10-K, 10-Q and 8-K obligations.
Board said it lacked grounds to appeal, cited Exchange Act compliance costs and limited benefit post-suspension, and warned an OTC market may not be maintained.

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