Source-grounded facts extracted from Direct Digital Holdings, Inc.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
Ohad Harlev was appointed as Independent Director at Direct Digital Holdings, Inc..
“On June 3, 2026, the Board of Directors (the “Board”) of Direct Digital Holdings, Inc. (the “Company”) appointed Ohad Harlev to serve as an Independent Director on its Board, effective immediately, and increased the size of its Board in connection with his appointment.”
Direct Digital Holdings, Inc. amended Letter Agreement with Roth Principal Investments, LLC (effective 2026-05-18).
“On May 18, 2026, the Company entered into a letter agreement (the “ Letter Agreement ”) with Roth Principal Investments, LLC (“ Roth Principal Investments ”) with respect to the Common Stock Purchase Agreement”
Direct Digital Holdings, Inc. amended Twelfth Amendment and Waiver to Term Loan and Security Agreement with Lafayette Square Loan Servicing, LLC (effective 2026-05-15).
“On May 15, 2026, Direct Digital Holdings, LLC (“ DDH LLC ”), as borrower, entered into the Twelfth Amendment and Waiver to Term Loan and Security Agreement”
Direct Digital Holdings, Inc. reported three months ended March 31, 2026 results: revenue $6.7 million, net income Net loss was $5.6 million.
“• Revenue of $6.7 million decreased 18% compared to $8.2 million in the first quarter of 2025. The decrease in revenue was driven primarily by a $2.0 million decrease in spending by demand side platform (“DSP”) customers during the first quarter of 2026. • Gross profit was $2.3 million, or 34% of revenue, compared to $2.4 million, or 29% of revenue, in the first quarter of 2025. • Operating expenses of $5.5 million decreased 13% compared to $6.3 million in the first quarter of 2025. • Operating loss was $3.3 million, compared to $3.9 million in the first quarter of 2025. • Net loss was $5.6 million compared to net loss of $5.9 million in the first quarter of 2025.”
Direct Digital Holdings, Inc. issued up to $50,000,000 of newly issued shares of the Company's Class A common stock of common stock to Roth Principal Investments, LLC for cash at discount to VWAP (8.0% discount for Market Open and Intraday Purchases).
“Market during such Market Open Purchase Valuation Period falls below the applicable minimum price threshold determined in accordance with the Purchase Agreement, less a fixed 8.0% discount to the VWAP for such Market Open Purchase Valuation Period. In addition to the Market Open Purchases described above, after the Commencement, the Company will also have”
Direct Digital Holdings, Inc.: Effected a 4-to-1 reverse stock split via Certificate of Amendment to Amended and Restated Certificate of Incorporation (effective 2026-04-27).
“On April 23, 2026, the Company filed a Certificate of Amendment (the “ Amendment ”) to its Amended and Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect a 4-to-1 reverse stock split (the “ Reverse Stock Split ”) of the Company’s shares of Class A Common Stock and Class B common stock, $0.001 par value.”
Direct Digital Holdings, Inc. entered into Common Stock Purchase Agreement with Roth Principal Investments, LLC valued at $50,000,000 (effective 2026-04-28).
“On April 28, 2026, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Common Stock Purchase Agreement (the “ Purchase Agreement ”) and a related Registration Rights Agreement (the “ Registration Rights Agreement ”), each dated as of April 28, 2026, with Roth Principal Investments, LLC (“ Roth Principal Investments ”).”
Direct Digital Holdings, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
“April 2, 2026, notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(1) (the “ Stockholders’ Equity Rule ”). In response thereto, the Company requested and was granted a hearing before the N”
Direct Digital Holdings, Inc. received a nasdaq delisting notice notice regarding minimum bid price (rules 5550(a)(2), 5810(c)(3)(A), 5815(d)(4)(A)).
“April 23, 2026, the Company received an Additional Staff Delisting Determination Letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”), notifying the Company that it is not in comp”
Direct Digital Holdings, Inc. received a nasdaq delisting notice notice regarding stockholders equity (rules 5550(b)(1)).
“April 2, 2026, Direct Digital Holdings, Inc. (the “ Company ”) received a Staff Delisting Determination letter (the “ Nasdaq Letter ”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq ”), notifying the Company that it is not in compliance with Nasdaq Listing Rule 5550(b)(1), which requires the Company to maintain a minimum of $2.5 million in stockholders’ equity for continued listing on The Nasdaq Capital Market (the “ Stockholders’ Equity Rule ”), nor is it in compliance with either of the alternative listing standards, market value of listed securities of a”
Direct Digital Holdings, Inc. reported full year ended December 31, 2025 results: revenue $34.7 million, net income Net loss was ($27.7 million) compared to net loss of ($19.9 million) in full year 2024..
“Revenue of $34.7 million decreased 44% compared to $62.3 million in full year 2024.”
Direct Digital Holdings, Inc. reported fourth quarter and full year ended December 31, 2025 results: net income Net loss was ($12.6 million) compared to net loss of ($6.6 million) in the fourth quarter of 2024..
“Revenue of $8.4 million decreased 7% compared to $9.1 million in the fourth quarter of 2024.”
Direct Digital Holdings, Inc. amended Eleventh Amendment and Waiver to Term Loan and Security Agreement with Lafayette Square Loan Servicing, LLC valued at $4.0 million amendment fee (effective 2026-01-27).
“On January 27, 2026, Direct Digital Holdings, LLC (“ DDH LLC ”), as borrower, entered into the Eleventh Amendment and Waiver to Term Loan and Security Agreement (the “ Eleventh Amendment ”) to the Term Loan and Security Agreement dated December 3, 2021 (the “ Term Loan Facility ”) with Direct Digital Holdings, Inc. (the “ Company ”), Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, as guarantors (such guarantors together with DDH LLC, the “ Credit Parties ”), and Lafayette Square Loan Servicing, LLC (“ LS ”), as administrative agent, and Lafayette Square USA, Inc. (“ Lafayette ”) and the other lenders from time to time party thereto.”
Direct Digital Holdings, Inc. amended Amendment No. 2 to Share Purchase Agreement with New Circle Principal Investments LLC (effective 2026-01-23).
“On January 23, 2026, Direct Digital Holdings, Inc., a Delaware Corporation (the “ Company ”), entered into an Amendment No. 2 to Share Purchase Agreement (the “ Amendment ”) with New Circle Principal Investments LLC, a Delaware limited liability company (“ New Circle ”), which amends the Share Purchase Agreement, dated October 18, 2024 and amended as of October 24, 2025, between the Company and New Circle (as amended, the “ Purchase Agreement ”).”
Direct Digital Holdings, Inc. issued common stock.
“The Reverse Stock Split became effective at 12:01am on January 12, 2026, and the Class A common stock was quoted on the Nasdaq Capital Market on a post-Reverse Stock Split basis at the open of business on January 12, 2026.”
Direct Digital Holdings, Inc.: Filing of Certificate of Amendment to effect a 55-to-1 reverse stock split of Series A and Series B common stock (effective 2026-01-12).
“On January 9, 2026, Direct Digital Holdings, Inc. (the “ Company ”) filed a Certificate of Amendment (the “ Amendment ”) to its Amended and Restated Certificate of Incorporation, as amended, with the Secretary of State of the State of Delaware to effect a 55-to-1 reverse stock split (the “ Reverse Stock Split ”) of the Company’s shares of Series A common stock, $0.001 par value and Series B common stock, $0.001 par value.”
Direct Digital Holdings, Inc. issued 12,600,000 shares of common stock to New Circle Principal Investments LLC for $1,324,380 in cash consideration.
“the Company sold 12,600,000 shares of its Class A Common Stock, par value $0.001 per share (the “ Class A Common Stock ”) for an aggregate of $1,324,380 in cash consideration”
Direct Digital Holdings, Inc. issued 95,000 shares of Class A Common Stock of common stock to Continuation Capital, Inc. for settlement fee.
“Additionally, as partial consideration for the entry into the Settlement Agreement, the Company paid Continuation Capital a settlement fee of 95,000 shares of Class A Common Stock.”
Direct Digital Holdings, Inc. issued up to 50,000,000 shares of Class A Common Stock of common stock to Continuation Capital, Inc. for release of certain claims held by Continuation Capital related to third party vendor payables separately assigned to Continuation Capital in the amount of $3,02.
“On November 20, 2025, Direct Digital Holdings, Inc. (the “Company”) entered into a Settlement Agreement (the “Settlement Agreement”) with Continuation Capital, Inc. (“Continuation Capital”), pursuant to which we agreed to issue up to 50,000,000 shares of Class A Common Stock (the “Exchange Shares”) in exchange for the release of certain claims held by Continuation Capital related to third party vendor payables separately assigned to Continuation Capital in the amount of $3,020,932.”
Direct Digital Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5550(a)(2)).
“November 13, 2025, the Company received a second notice (the “ Second Notice ”) from the Staff stating that the Company did not regain compliance with the Bid Price Rule by November 10, 2025, was not eligible for a second 180-day period to remedy the deficiency, and, as a result, non-compliance with the Bid Price Rule could serve as an additional basis for delisting. As described below, the Company previously presented its plan to evidence compliance with the Bid Price Rule at a hearing before the Nasdaq Hearings Panel, which subsequently granted the Company an extension to regain compliance w”
Direct Digital Holdings, Inc. issued $10.0 million face amount of Series A Preferred Stock of preferred stock to Lafayette Square USA, Inc. for conversion and exchange of $10.0 million aggregate principal amount of term loans and other debt obligations.
“the parties agreed to convert and exchange term loans and other debt obligations with an aggregate principal amount of $10.0 million for newly authorized shares of Series A Preferred Stock, par value $0.001, of the Company (the “ Series A Preferred Stock ”), with an aggregate face amount of $10.0 million issued to Lafayette.”
Direct Digital Holdings, Inc.: Amended and restated Certificate of Designation of Series A Convertible Preferred Stock, increasing designated shares from 25,000 to 35,000 and modifying dividend and voting terms (effective 2025-10-15).
“Pursuant to the terms of the Ninth Amendment, on October 15, 2025, the Company filed the Amended and Restated Certificate of Designation of Series A Convertible Preferred Stock (the “ A&R Certificate of Designation ”) with the Secretary of State of the State of Delaware, which amended and restated in its entirety the Certificate of Designation establishing the Series A Convertible Preferred Stock, filed on August 8, 2025.”
Direct Digital Holdings, Inc. issued 2,400,000 shares of common stock to New Circle Principal Investments LLC for aggregate of $451,983.
“through September 26, 2025 , the Company sold 1,400,000 shares of its Class A Common Stock, par value $0.001 per share (the “Class A Common Stock”) for an aggregate of $451,983 in cash consideration after a total discount of $11,627. From September 26, 2025 to September 30, 2025, the Company sold an additional 1,000,000 shares of its Class A Common Stock”
Direct Digital Holdings, Inc. issued 700,000 shares of common stock to New Circle Principal Investments LLC for an aggregate of $275,993 in cash consideration after a total discount of $8,997.
“Since August 6, 2025, the end of the period covered by the most recent Report filed on any of Forms 8-K, 10-K or 10-Q under this Item 3.02 by Direct Digital Holdings, Inc. (“ Company ”), through September 16, 2025 , the Company sold 700,000 shares of its Class A Common Stock, par value $0.001 per share (the “ Class A Common Stock ”) for an aggregate of $275,993 in cash consideration after a total discount of $8,997. This Current Report on Form 8-K is being filed because the aggregate number of shares of Class A Common Stock sold in unregistered transactions during the foregoing period exceeded five percent (5%) of the total number of such shares issued and outstanding as of August 6, 2025. The sales of Class A Common Stock referred to herein were made to New Circle Principal Investments LLC (“ New Circle ”) pursuant to the previously disclosed Equity Reserve Facility under the Share Purchase Agreement (the “ Purchase Agreement ”) with New Circle.”
Direct Digital Holdings, Inc. amended credit facility of $0 (repayment and termination of revolving credit; no termination penalties) with East West Bank maturing Terminated.
“Additionally, LS and the Credit Parties agreed to use the proceeds of the Eighth Amendment Term Loan to repay in full and terminate the revolving credit notes under the Credit Agreement (the “ Credit Agreement ”), dated July 7, 2023, by and among East West Bank (“ EWB ”), as lender, and DDH LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers.”
Direct Digital Holdings, Inc. incurred term loan of $3.8 million with Lafayette Square Loan Servicing, LLC at Not explicitly stated; interest reserve of $93,000 referenced maturing October 30, 2025.
“On September 8, 2025, Direct Digital Holdings, LLC (“ DDH LLC ”), as borrower, entered into the Eighth Amendment (the “ Eighth Amendment ”) to the Term Loan and Security Agreement dated December 3, 2021 (the “ Term Loan Facility ”) with Direct Digital Holdings, Inc. (the “ Company ”), Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, as guarantors (such guarantors together with DDH LLC, the “ Credit Parties ”), and Lafayette Square Loan Servicing, LLC (“ LS ”), as administrative agent, and Lafayette Square USA, Inc. (“ Lafayette ”) and the other lenders from time to time party thereto. Under the terms of the Eighth Amendment, among other changes, DDH LLC requested and LS agreed to make a term loan in the principal amount equal to $3.8 million (the “ Eighth Amendment Term Loan ”) which includes an interest reserve under the Eighth Amendment in an amount equal to $93,000.”
Direct Digital Holdings, Inc.: Direct Digital Holdings, Inc. filed a Certificate of Designation of Series A Convertible Preferred Stock with the Delaware Secretary of State on August 8, 2025, establishing the rights, preferences, and limitations of the Series A Preferred Stock (effective 2025-08-08).
“on August 8, 2025, the Board authorized and the Company filed the Certificate of Designation of Series A Convertible Preferred Stock (the “ Certificate of Designation ’) with the Secretary of State of the State of Delaware, which established the Series A Preferred Stock.”
Direct Digital Holdings, Inc.: Amended certificate of incorporation to provide officer exculpation and delete Section 203 waiver (effective 2025-06-10).
“On June 10, 2025, following stockholder approval at the 2025 Annual Meeting of Stockholders (the “ 2025 Annual Meeting ”) of Direct Digital Holdings, Inc. (the “ Company ”), the Company filed with the Secretary of State of the State of Delaware a Certificate of Amendment (the “ Certificate of Amendment ”) to the Company’s Amended and Restated Certificate of Incorporation, effective upon filing, to provide for officer exculpation and to delete the waiver of Section 203 of the Delaware General Corporation Law”
Direct Digital Holdings, Inc. received a nasdaq deficiency notice notice regarding minimum bid price (rules 5450(a)(1)).
“received a notice (the “ Notice ”) from the Listing Qualifications Department (the “ Staff ”) of The Nasdaq Stock Market LLC (“ Nasdaq ”) notifying the Company that because the closing bid price of the Company’s Class A common stock, par value $0.001 per share (the “ Class A Common Stock ”) was below $1.00 per share for the prior 30 consecutive business days, the Company is not in compliance with the minimum bid price requirement for continued listing on The Nasdaq Capital Market, as set forth in Nasdaq Listing Rule 5550(a)(2) (the “ Rule ”). The Notice states that the Company has 180 calendar”
Direct Digital Holdings, Inc. reported that prior financial statements should not be relied upon.
“On October 14, 2024, the Audit Committee of the Board of Directors (the “ Audit Committee ”) of the Company, in consultation with Company management, determined that the Company’s interim financial statements (collectively, the “ Prior Period Financial Statements ”) as of the periods ended March 31, 2023, June 30, 2023, September 30, 2023, and for the three months ended March 31, 2023, the three and six months ended June 30, 2023 and the three and nine months ended September 30, 2023 (collectively, the “ Non-Reliance Periods ”) should no longer be relied upon.”
Marcum LLP resigned as auditor of Direct Digital Holdings, Inc..
“On April 17, 2024, Marcum LLP (“Marcum”), the Company’s independent registered public accounting firm, notified the Company and the Audit Committee of the Company’s board of directors (the “Audit Committee”) of Marcum’s decision to resign as the independent registered public accounting firm of the Company, effective immediately. Although their audit was not designed to identify or detect violations of law or fraud, Marcum’s resignation was not a result of any violation of law or fraud of the Company identified during its audit”
Direct Digital Holdings, Inc. received a nasdaq noncompliance notice notice regarding late filing (rules 5250(c)(1)).
“April 17, 2024, Direct Digital Holdings, Inc. (the “Company”) received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”), which indicated that, as a result of the Company’s delay in filing its Annual Report on Form 10-K for the year ended December 31, 2023 (the “Form 10-K”) by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250(c)(1) (the “Rule”), which requires Nasdaq-listed companies to timely file all required periodic financial reports with the U.S. Securities and Exchange Commission (the “SEC”)”
Direct Digital Holdings, Inc. updated its fiscal year ended December 31, 2023 guidance (raised).
“On March 26, 2024, Direct Digital Holdings, Inc. issued a press release announcing its financial results for the fiscal year ended December 31, 2023.”
Direct Digital Holdings, Inc. amended Second Amendment with East West Bank valued at from $5,000,000 to $10,000,000 (effective 2023-11-27).
“On November 27, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into that certain Second Amendment (the “ Amendment ”) to the Credit Agreement, dated July 7, 2023 (the “ Existing Credit Agreement ”), by and among East West Bank (“ EWB ”), as lender, and Direct Digital Holdings, LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers (collectively, “ Borrowers ”).”
Direct Digital Holdings, Inc. reported third quarter ended September 30, 2023 results: revenue Revenue was $59.5 million, net income Net income was $3.4 million. Guidance raised.
“Direct Digital Holdings Reports Third Quarter 2023 Financial Results Third Quarter 2023 Revenue Up 129% Year-Over-Year to $59.5 Million Company Raises Full-Year 2023 Revenue Guidance to $170 Million - $190 Million”
Direct Digital Holdings, Inc. entered into Warrant Agency Agreement Amendment with Equiniti Trust Company, LLC valued at Redemption Price $0.35 per Warrant (effective 2023-10-03).
“Accordingly, on October 19, 2023, the Company and the Warrant Agent entered into the Warrant Amendment effective as of October 3, 2023, which permits the Company to redeem each Warrant that is outstanding following the closing of the Offer for the Redemption Price.”
Diana Diaz was appointed as Chief Financial Officer at Direct Digital Holdings, Inc..
“On October 16, 2023, Direct Digital Holdings, Inc. (the “ Company ”), appointed Diana Diaz, who had been serving as the Company’s interim Chief Financial Officer, as permanent Chief Financial Officer.”
Direct Digital Holdings, Inc. amended Fourth Amendment with Lafayette Square Loan Servicing, LLC, as administrative agent valued at $3,587,274.03 (effective 2023-10-03).
“On October 3, 2023, Direct Digital Holdings, LLC (“ DDH LLC ”), as borrower, entered into the Fourth Amendment (the “ Amendment ”) to the Term Loan and Security Agreement, dated December 3, 2021 (the “ 2021 Credit Facility ”) with Direct Digital Holdings, Inc., Colossus Media, LLC, Huddled Masses LLC and Orange142, LLC, as guarantors, and Lafayette Square Loan Servicing, LLC, as administrative agent, and the various lenders thereto.”
Direct Digital Holdings, Inc. updated its fiscal year 2023 guidance (raised).
“For fiscal year 2023, we expect revenue to be in the range of $125 million to $130 million, or 43% year-over-year growth at the mid-point.”
Direct Digital Holdings, Inc. reported the three months ended June 30, 2023 results: revenue $35.4 million, net income $1.2 million. Guidance raised.
“2 tm2323301d1_ex99-1.htm EXHIBIT 99.1 Exhibit 99.1 Direct Digital Holdings Reports Second Quarter 2023 Financial Results Second Quarter 2023 Revenue Up 67% Year-Over-Year to $35.4 Million Company Raises Full-Year 2023 Revenue Guidance Due to Strong Q2 Results Houston, August 10, 2023 -- Direct Digital Holdings, Inc. (Nasdaq: DRCT) ("Direct Digital Holdings" or the”
Direct Digital Holdings, Inc. incurred revolving credit of up to $5 million with East West Bank at one-month Term Secured Overnight Financing Rate, as administered by the CME Grou maturing July 7, 2025.
“On July 7, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”), by and among East West Bank (“ EWB ”), as lender, and Direct Digital Holdings, LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers. The Credit Agreement provides for a revolving credit facility (the “ Credit Facility ”) in the original principal amount of up to $5 million, subject to a borrowing base determined based on eligible accounts, and an up to $5 million uncommitted incremental revolving facility. Loans under the Credit Facility mature on July 7, 2025 (the “ Maturity Date ”), unless the Credit Facility is otherwise terminated pursuant to the terms of the Credit Agreement. Borrowings under the Credit Facility bear interest at a rate per annum equal to the one-month Term Secured Overnight Financing Rate, as administered by the CME Group Benchmark Administration Limited (“ CBA ”) (or a successor administrator of the sec”
Direct Digital Holdings, Inc. entered into Credit Agreement with East West Bank valued at up to $5 million (effective 2023-07-07).
“On July 7, 2023, Direct Digital Holdings, Inc. (the “ Company ”) entered into a Credit Agreement (the “ Credit Agreement ”), by and among East West Bank (“ EWB ”), as lender, and Direct Digital Holdings, LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers.”
Direct Digital Holdings, Inc. shareholders approved ratification of the appointment of Marcum LLP as the Company's independent registered public accounting firm for the year ending December 31, 2023 at the 2023-06-12 meeting.
“The vote with respect to the ratification of Marcum LLP as the Company’s independent registered accounting firm for the year ending December 31, 2023 was as follows: Total Votes For Total Votes Against Abstentions 13,117,097 12,352 125”
Direct Digital Holdings, Inc. shareholders approved election of five directors to hold office until the 2024 annual meeting of stockholders at the 2023-06-12 meeting.
“The votes with respect to the election of five directors to hold office until the 2024 annual meeting of stockholders were as follows: Director Votes For Votes Withheld Broker Non-Votes Mark D. Walker 11,701,989 2,800 1,424,785 Keith W. Smith 11,685,616 19,173 1,424,785 Richard Cohen 11,701,885 2,904 1,424,785 Antoinette Leatherberry 11,605,278 99,511 1,424,785 Mistelle Locke 11,699,871 4,918 1,424,785”
Direct Digital Holdings, Inc. amended Early Opt-in Agreement with Lafayette Square Loan Servicing, LLC and Lafayette Square USA, Inc. (effective 2023-06-01).
“On June 1, 2023, Direct Digital Holdings, Inc. (the “ Company ”), Direct Digital Holdings, LLC (“ DDH LLC ”), Huddled Masses LLC (“ HM ”), Colossus Media, LLC (“ Colossus ”) and Orange142, LLC (“ Orange ”) entered into an early opt-in election agreement (the “ Early Opt-in Agreement ”) with Lafayette Square Loan Servicing, LLC (“ Lafayette Square ”) and Lafayette Square USA, Inc., which converts the existing LIBOR-based rate under the Term Loan and Security Agreement, dated December 3, 2021 (as amended, the “ 2021 Credit Facility ”) among DDH LLC, as borrower, the Company, HM, Colossus, and Orange, as guarantors, and Lafayette Square, as administrative agent, and the various lenders thereto, to a Term SOFR Rate with a credit spread of 0.15% per annum for interest periods of three months.”
Diana P. Diaz was appointed as interim Chief Financial Officer at Direct Digital Holdings, Inc..
“the Board of Directors (the “ Board ”) of the Company appointed Diana P. Diaz as interim Chief Financial Officer.”
Susan Echard departed as Chief Financial Officer at Direct Digital Holdings, Inc..
“On June 5, 2023, the Company announced that Susan Echard, the Company’s Chief Financial Officer, has separated from the Company, effective immediately.”
Direct Digital Holdings, Inc. reported three months ended March 31, 2023 results: revenue $21.2 million, net income ($1.3) million. Guidance reaffirmed.
“Direct Digital Holdings Reports First Quarter 2023 Financial Results First Quarter 2023 Revenue Up 87% Year-Over-Year to $21.2 Million”
Direct Digital Holdings, Inc. terminated Loan Agreement with Silicon Valley Bank valued at $5 million (effective 2023-04-20).
“On March 10, 2023, the California Department of Financial Protection and Innovation closed Silicon Valley Bank (“SVB”) and appointed the Federal Deposit Insurance Corporation as receiver. In light of this development, Direct Digital Holdings, Inc. (the “Company”) exercised its right to terminate the Loan and Security Agreement, dated as of January 9, 2023 (as amended, the “Loan Agreement”), by and among the Company, Direct Digital Holdings, LLC, Colossus Media, LLC, Huddled Masses LLC, Orange142, LLC, and SVB, by issuing a notice of termination in March 2023, as previously reported.”
Direct Digital Holdings, Inc. reported fiscal year 2023 results: revenue $118 million to $122 million. Guidance initiated.
“For fiscal year 2023, we expect revenue to be in the range of $118 million to $122 million, or 36% year-over-year growth at the mid-point.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.