Direct Digital Holdings Inc. has announced a 55-to-1 reverse stock split of all classes of its common stock, effective January 12, 2026. Following the split, the number of outstanding Class A shares will decrease from approximately 68.9 million to 1.3 million. The move is intended to help the company regain compliance with Nasdaq’s minimum bid price requirement. The Class A common stock will continue trading under the symbol "DRCT" with a new CUSIP number 25461T204.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Direct Digital Holdings Inc. published the original content used to generate this news brief via PR Newswire (Ref. ID: DA58578) on January 08, 2026, and is solely responsible for the information contained therein.