Every S-1 that DIRECT DIGITAL HLDGS A (DRCT) has filed with the SEC in the last 12 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A S-1 covers the registration statement a company files to sell shares publicly, so if you follow DRCT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full DRCT filings page.
Direct Digital Holdings, Inc. filed an amended prospectus covering the resale of up to 20,000,000 shares of Class A Common Stock by Roth Principal Investments under a committed equity facility. These shares relate to a purchase agreement under which the company may, at its discretion, sell Class A stock to Roth over a 36‑month period.
The company could raise up to $50,000,000 in gross proceeds from sales to Roth, subject to Nasdaq’s 19.99% exchange cap of 140,178 shares unless shareholder approval or pricing conditions lift that cap. As of May 13, 2026, 701,243 Class A shares were outstanding, so full use of the facility would be highly dilutive if completed.
Net proceeds from any sales to Roth are expected to be used to reduce debt, if required under debt agreements, and for general corporate purposes. Direct Digital also discloses ongoing Nasdaq listing challenges tied to stockholders’ equity deficits and prior bid‑price deficiencies, with its stock currently trading on the Nasdaq Capital Market under the symbol “DRCT.”
Direct Digital Holdings, Inc. has filed an S-1 to register the resale of up to 20,000,000 shares of its Class A Common Stock by Roth Principal Investments LLC under a committed equity facility.
The company is not selling shares under this prospectus and will not receive proceeds from resales, but may raise up to $50,000,000 by selling shares to Roth Principal Investments at a discount to market over a 36‑month period. As of April 20, 2026, 701,277 Class A shares were outstanding, so full use of the facility would be highly dilutive. The filing also details recent 55‑to‑1 and 4‑to‑1 reverse stock splits and ongoing Nasdaq compliance and delisting risks.
Direct Digital Holdings is registering 1,818,181 shares of Class A common stock for resale by New Circle Principal Investments LLC under a purchase agreement. The company will not receive proceeds from New Circle’s resale of these shares but may sell stock directly to New Circle under a financing commitment of up to $100 million, of which 962,534 shares have already generated about $11.2 million. As of January 26, 2026, 2,207,435 Class A shares were outstanding, and the registered shares could represent over 45% of the public float if fully issued. The filing also describes a 55‑to‑1 reverse stock split aimed at restoring Nasdaq bid‑price compliance, a going‑concern warning driven by limited cash and leverage, an amendment adding a $4.0 million fee to the $10.3 million 2021 credit facility while easing near‑term covenants, and a stock‑settled $3 million vendor settlement that may issue up to 909,090 additional shares.
Direct Digital Holdings, Inc. is registering 50,000,000 shares of Class A common stock for resale by New Circle Principal Investments LLC under a Form S-1. These shares include 100,000 commitment shares already issued and additional shares that the company may sell to New Circle under an existing equity purchase agreement. Direct Digital is not selling shares under this prospectus and will not receive proceeds from New Circle’s resales, although it may receive up to $100 million in aggregate gross proceeds from its own sales to New Circle pursuant to the Purchase Agreement.
As of November 13, 2025, 20,431,828 Class A shares were outstanding. If all 50,000,000 registered shares were issued and outstanding, they would represent about 71.0% of Class A shares and 62.5% of all common shares. Since commencement, the company has sold 11.3 million shares to New Circle for approximately $8.9 million. Direct Digital’s stock trades on Nasdaq under “DRCT” and recently closed at $0.29, and the company has until January 30, 2026 to regain compliance with Nasdaq’s $1.00 minimum bid price requirement.