Direct Digital Holdings, Inc. has announced its intention to withdraw its Class A common stock from listing on The Nasdaq Capital Market. This decision comes after the company faced a trading suspension due to non-compliance with Nasdaq's listing rules.
On October 21, 2026, the company provided written notice to Nasdaq, indicating its plans to file a Form 25 with the U.S. Securities and Exchange Commission (SEC) on or about November 2, 2026. The delisting is expected to take effect ten days after the filing, with the registration of the common stock terminating approximately 90 days later.
Background
Direct Digital Holdings, Inc. operates in the advertising services sector, classified under SIC code 7310. The company trades under the ticker symbol DRCT on the OTC market. Its headquarters are located in Houston, Texas, and it is categorized as an emerging growth company.
What the Filing Says
The SEC filing states, "The Company intends to file a Form 25, Notification of Removal from Listing and/or Registration, with the U.S. Securities and Exchange Commission on or about November 2, 2026." It further notes that trading of the common stock has been suspended since October 5, 2026, due to a delist determination from Nasdaq.
Impact
This withdrawal from Nasdaq is likely to affect the company's shareholders and its market visibility. The common stock will continue to be quoted on the OTC Markets' OTC Pink "Limited Information" tier, but the company acknowledges that this may make it more difficult for stockholders to buy or sell shares.
What's Next
The company plans to file a Form 15 with the SEC to deregister its securities under Section 12(g) of the Exchange Act and suspend its reporting obligations under Section 15(d) of the Exchange Act following the effectiveness of the Form 25. However, specific details on future plans or strategies were not provided in the filing.