Direct Digital Holdings, Inc. - 8-K Filing
Direct Digital Holdings entered into a $14.8 million term loan facility amendment (Twelfth Amendment) on May 15, 2026 to waive noncompliance with financial covenants related to minimum unrestricted cash ($450k), EBITDA (-$1.9M for Q1 2026), and sell-side revenue ($2.5M). The amendment also adjusts the required quarterly consolidated EBITDA to $200,000 starting June 30, 2026 and removes minimum revenue requirements for its advertising business. (Items: 1.01 Entry into a Material Definitive Agreement, 8.01 Other Events, 9.01 Financial Statements and Exhibits)
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