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Direct Digital Holdings ( (DRCT) ) has provided an announcement.
Direct Digital Holdings made significant strides to regain compliance with Nasdaq by filing delayed financial reports, despite challenges like auditor resignation and misinformation attacks. The company secured amendments to its credit facilities and engaged a new auditor, reflecting its commitment to financial stability. By addressing these hurdles, Direct Digital aims to stabilize its operations and continue its leadership in digital advertising, although it remains cautious about providing full-year guidance for 2024.
For a thorough assessment of DRCT stock, go to TipRanks’ Stock Analysis page.
