Direct Digital Holdings Regains Nasdaq Compliance
Direct Digital Holdings (Nasdaq: DRCT) has announced that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic reporting.
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Direct Digital Holdings (Nasdaq: DRCT) has announced that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic reporting. The company, which operates through its subsidiaries Colossus Media, Orange 142, and Huddled Masses, received written notice from the Nasdaq Stock Market's Listing Qualifications Department confirming this status.
The compliance was achieved following the company's filing of its Form 10-K for the full-year ended December 31, 2023, as well as its Form 10-Q for the first quarter ended March 31, 2024 and its Form 10-Q for the second quarter ended June 30, 2024. The Nasdaq Staff has advised Direct Digital Holdings that the listing compliance matter is now closed.
Positive
- Regained compliance with Nasdaq Listing Rule 5250(c)(1)
- Successfully filed Form 10-K for 2023 and Form 10-Q for Q1 and Q2 2024
- Listing compliance matter closed by Nasdaq Staff
Negative
- None.
Details
News Market Reaction – DRCT
The recorded move for DRCT in the trading session of this news was +5.05%.
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The regaining of compliance is a result of yesterday's filings of Direct Digital Holdings' Form 10-K for the full-year ended December 31, 2023, as well as its Form 10-Q for the first quarter ended March 31, 2024 and its Form 10-Q for the second quarter ended June 30, 2024.
The Staff has advised the Company that the listing compliance matter is now closed.
About Direct Digital Holdings
Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings' sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The Company's subsidiaries Huddled Masses and Orange 142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings' sell- and buy-side solutions manage on average over 125,000 clients monthly, generating over 300 billion impressions per month across display, CTV, in-app and other media channels.
Contacts:
Investors:
Brett Milotte, ICR
Brett.Milotte@icrinc.com
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SOURCE Direct Digital Holdings
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