Direct Digital Holdings Inc. sold 1,000,000 shares of its Class A Common Stock to New Circle Principal Investments LLC for an aggregate cash consideration of $439,531 after a total discount of $18,359. The transactions, conducted between May 16, 2025, and August 6, 2025, exceeded five percent of the total shares issued and outstanding as of May 16, 2025. These sales were made under the Equity Reserve Facility pursuant to a Share Purchase Agreement with New Circle.
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