Direct Digital receives additional delinquency notice from Nasdaq

Direct Digital Holdings reported that the Company received an additional delinquency notice from the Listing Qualifications Department of The Nasdaq Stock Market on August 21, which indicated that, as a result of the delay in the Company’s filing of its Quarterly Report on Form 10-Q for the period ended June 30 by the applicable due date, the Company was not in compliance with Nasdaq Listing Rule 5250, which requires Nasdaq-listed companies to timely file all required periodic financial reports with the SEC. The additional delinquency could serve as an additional basis for the delisting of the Company’s securities from Nasdaq. Neither the Notice nor the Company’s non-compliance with the Rule will have an immediate effect on the listing or trading of the Company’s securities on Nasdaq, which will continue to trade on The Nasdaq Capital Market under the symbol “DRCT.” The Company continues to work diligently to complete and file the Delayed Reports with the SEC and thereby evidence compliance with the Rule as soon as practicable.