Direct Digital Holdings Announces Private Placement of Up to 50 Million Shares to Settle Claims

Reuters

Nov 27

<a href="https://laohu8.com/S/DRCT">Direct Digital</a> Holdings Announces Private Placement of Up to 50 Million Shares to Settle Claims

Direct Digital Holdings Inc. has announced an agreement to issue up to 50 million shares of Class A Common Stock to Continuation Capital, Inc. as part of a settlement relating to vendor payables totaling $3,020,932. The shares will be issued at 76% of the lower of two pricing formulas based on recent trading prices. In addition, Continuation Capital received a settlement fee of 95,000 shares. The issuance, approved by court order, will be exempt from registration under Section 3(a)(10) of the Securities Act of 1933.

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 EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001880613-25-000144), on November 26, 2025, and is solely responsible for the information contained therein.

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