Direct Digital Holdings Regains Nasdaq Compliance
Direct Digital Holdings (Nasdaq: DRCT) has announced that it has regained compliance with Nasdaq Listing Rule 5250(c)(1) regarding periodic reporting. The company, which operates through its subsidiaries Colossus Media, Orange 142, and Huddled Masses, received written notice from the Nasdaq Stock Market's Listing Qualifications Department confirming this status.
The compliance was achieved following the company's filing of its Form 10-K for the full-year ended December 31, 2023, as well as its Form 10-Q for the first quarter ended March 31, 2024 and its Form 10-Q for the second quarter ended June 30, 2024. The Nasdaq Staff has advised Direct Digital Holdings that the listing compliance matter is now closed.
Direct Digital Holdings (Nasdaq: DRCT) ha annunciato di aver ripristinato il rispetto della Regola di Quotazione 5250(c)(1) di Nasdaq riguardo alla reportistica periodica. L'azienda, che opera tramite le sue sussidiarie Colossus Media, Orange 142 e Huddled Masses, ha ricevuto una comunicazione scritta dal Dipartimento delle Qualifiche di Quotazione del Nasdaq Stock Market che conferma questo stato.
La conformità è stata raggiunta dopo che l'azienda ha presentato il suo Modello 10-K per l'anno completo chiuso il 31 dicembre 2023, così come il suo Modello 10-Q per il primo trimestre chiuso il 31 marzo 2024 e il suo Modello 10-Q per il secondo trimestre chiuso il 30 giugno 2024. Lo staff del Nasdaq ha informato Direct Digital Holdings che la questione della conformità alla quotazione è ora chiusa.
Direct Digital Holdings (Nasdaq: DRCT) ha anunciado que ha recuperado la conformidad con la Regla de Cotización 5250(c)(1) de Nasdaq respecto a los informes periódicos. La empresa, que opera a través de sus filiales Colossus Media, Orange 142 y Huddled Masses, recibió una notificación escrita del Departamento de Calificaciones de Cotización del Nasdaq Stock Market confirmando este estado.
La conformidad se logró tras la presentación por parte de la empresa de su Formulario 10-K para el año completo terminado el 31 de diciembre de 2023, así como su Formulario 10-Q para el primer trimestre terminado el 31 de marzo de 2024 y su Formulario 10-Q para el segundo trimestre terminado el 30 de junio de 2024. El personal de Nasdaq ha informado a Direct Digital Holdings que el asunto de la conformidad de la cotización está ahora cerrado.
Direct Digital Holdings (Nasdaq: DRCT)가 정기 보고에 관련된 Nasdaq 상장 규정 5250(c)(1) 준수를 회복했다고 발표했습니다. Colossus Media, Orange 142 및 Huddled Masses라는 자회사를 통해 운영되는 이 회사는 Nasdaq 주식 시장의 상장 자격 부서로부터 이 상태를 확인하는 서면 통지를 받았습니다.
준수는 회사가 2023년 12월 31일로 종료된 회계연도의 10-K 보고서와 2024년 3월 31일로 종료된 1분기 10-Q 보고서, 그리고 2024년 6월 30일로 종료된 2분기 10-Q 보고서를 제출한 후에 이루어졌습니다. Nasdaq 직원은 Direct Digital Holdings에 상장 준수 문제가 이제 종료되었음을 알려주었습니다.
Direct Digital Holdings (Nasdaq: DRCT) a annoncé avoir retrouvé sa conformité avec la règle de cotation Nasdaq 5250(c)(1)
La conformité a été atteinte suite au dépôt par l'entreprise de son formulaire 10-K pour l'exercice complet clôturé le 31 décembre 2023, ainsi que de son formulaire 10-Q pour le premier trimestre clôturé le 31 mars 2024 et de son formulaire 10-Q pour le deuxième trimestre clôturé le 30 juin 2024. Le personnel de Nasdaq a informé Direct Digital Holdings que la question de la conformité à la cotation est maintenant close.
Direct Digital Holdings (Nasdaq: DRCT) hat bekannt gegeben, dass die Einhaltung der Nasdaq-Listing-Regel 5250(c)(1) bezüglich der periodischen Berichterstattung wiederhergestellt wurde. Das Unternehmen, das über seine Tochtergesellschaften Colossus Media, Orange 142 und Huddled Masses tätig ist, erhielt eine schriftliche Mitteilung von der Abteilung für Listing-Qualifikationen der Nasdaq Stock Market, die diesen Status bestätigte.
Die Einhaltung wurde erreicht, nachdem das Unternehmen sein Formular 10-K für das zum 31. Dezember 2023 abgeschlossene Geschäftsjahr sowie sein Formular 10-Q für das am 31. März 2024 abgeschlossene erste Quartal und sein Formular 10-Q für das am 30. Juni 2024 abgeschlossene zweite Quartal eingereicht hatte. Das Nasdaq-Personal hat Direct Digital Holdings mitgeteilt, dass die Angelegenheit der Listing-Compliance jetzt abgeschlossen ist.
- Regained compliance with Nasdaq Listing Rule 5250(c)(1)
- Successfully filed Form 10-K for 2023 and Form 10-Q for Q1 and Q2 2024
- Listing compliance matter closed by Nasdaq Staff
- None.
Insights
This news is moderately positive for Direct Digital Holdings. Regaining Nasdaq compliance is important for maintaining investor confidence and avoiding potential delisting, which could have severe consequences for the stock's liquidity and valuation. The company's ability to file its overdue financial reports (10-K and 10-Qs) demonstrates improved financial management and transparency.
However, investors should note that while compliance has been restored, the delay in filing these reports may raise questions about the company's internal controls and financial reporting processes. It's essential to review these newly filed reports carefully for any significant changes or disclosures that might explain the delay.
For a small-cap company like DRCT (market cap of
The regaining of compliance is a result of yesterday's filings of Direct Digital Holdings' Form 10-K for the full-year ended December 31, 2023, as well as its Form 10-Q for the first quarter ended March 31, 2024 and its Form 10-Q for the second quarter ended June 30, 2024.
The Staff has advised the Company that the listing compliance matter is now closed.
About Direct Digital Holdings
Direct Digital Holdings (Nasdaq: DRCT), owner of operating companies Colossus SSP, Huddled Masses, and Orange 142, brings state-of-the-art sell- and buy-side advertising platforms together under one umbrella company. Direct Digital Holdings' sell-side platform, Colossus SSP, offers advertisers of all sizes extensive reach within general market and multicultural media properties. The Company's subsidiaries Huddled Masses and Orange 142 deliver significant ROI for middle market advertisers by providing data-optimized programmatic solutions at scale for businesses in sectors that range from energy to healthcare to travel to financial services. Direct Digital Holdings' sell- and buy-side solutions manage on average over 125,000 clients monthly, generating over 300 billion impressions per month across display, CTV, in-app and other media channels.
Contacts:
Investors:
Brett Milotte, ICR
Brett.Milotte@icrinc.com
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SOURCE Direct Digital Holdings
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