---
schema_version: "secwatch.filing_event.v1"
accession: "0001880613-26-000117"
form_type: "8-K"
ticker: "DRCT"
cik: "0001880613"
company_name: "Direct Digital Holdings, Inc."
filed_at: "2026-10-21T21:16:05+00:00"
generated_at: "2026-10-21T21:18:06.540351+00:00"
event_type: "regulatory"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001880613-26-000117
- form_type: 8-K
- ticker: DRCT
- cik: 0001880613
- company_name: Direct Digital Holdings, Inc.
- filed_at: 2026-10-21T21:16:05+00:00
- event_type: regulatory
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 3.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1880613/000188061326000117/0001880613-26-000117-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1880613/000188061326000117/drct-20261021.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001880613-26-000117
- JSON: https://secwatch.observer/filing/0001880613-26-000117.json
- Plain text: https://secwatch.observer/filing/0001880613-26-000117.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.