Direct Digital Holdings Announces Voluntary Nasdaq Delisting and SEC Deregistration
Direct Digital Holdings, Inc. (DRCT) has announced its intention to voluntarily delist its Class A common stock from the Nasdaq Stock Market and deregister its securities with the SEC. This decision follows a notice from Nasdaq on October 1, 2026, stating that the company failed to comply with listing rules, resulting in a suspension of trading on the exchange since October 5, 2026. The company plans to file Form 25 around November 2, 2026, with delisting expected to be effective by November 12, 2026. Subsequently, it intends to file Form 15 to terminate its reporting obligations under the Exchange Act. While the stock is currently trading on the OTC Pink 'Limited Information' tier, the company noted that stockholders may face increased difficulty buying or selling shares once deregistration is complete.
Topics: delisting deregistration Nasdaq SEC filing