Direct Digital Holdings: Nasdaq to delist, trading suspends Oct 5, 2026

What happened Direct Digital Holdings, Inc. reported in a Form 8-K filed Oct 2, 2026 that it received a notice (the “Delist Determination”) from The Nasdaq Stock Market LLC on Oct 1, 2026 indicating Nasdaq had determined to delist the company’s securities and suspend trading effective with the open of business on Monday, Oct 5, 2026. The filing says the company had been granted an extension by the Nasdaq Hearings Panel to comply with the minimum stockholders’ equity requirement under Nasdaq Listing Rule 5550(b)(1).

Key details

• The Delist Determination was received on Oct 1, 2026; Nasdaq determined to delist and suspend trading effective Oct 5, 2026.
• The company may appeal the Delist Determination to the Nasdaq Listing and Hearing Review Council within 15 days; the Listing Council may also elect to review the matter within 45 days.
• The company expects Nasdaq will move to file a Form 25 with the SEC to effect formal delisting once applicable appeal and review periods expire.
• The company anticipates its Class A common stock may begin trading on the OTC Markets’ OTC Pink “Limited Information” tier under the symbol “DRCT,” as stated in the filing.

Why it may matter Item reported: Item 3.01 — Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard. This item covers Nasdaq’s determination to delist the company’s securities for failure to meet Nasdaq Listing Rule 5550(b)(1) and the company’s available appeal and review options. The filing does not show why the company acted.