Direct Digital Holdings (DRCT) just unveiled an update.
Direct Digital Holdings, Inc. has been notified by Nasdaq for failing to file its annual and quarterly financial reports on time, receiving an additional notice for not submitting its latest quarterly report. The company has been given an extension until October 14, 2024, to regain compliance, and must update its plan by September 5, 2024. Despite these issues, trading of the company’s stock remains unaffected on the Nasdaq Capital Market. The company is actively working to resolve these delays and regain compliance, and has issued a press release regarding the receipt of the Nasdaq notice.
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