Direct Digital Holdings announced on October 16, 2024, that it received written notice from Nasdaq staff confirming it has regained compliance with Nasdaq Listing Rule 5250(c)(1). This rule pertains to periodic reporting requirements.
The regaining of compliance resulted from the company's filings of its Form 10-K for the full-year ended December 31, 2023, and its Form 10-Q for the first and second quarters ended March 31, 2024, and June 30, 2024, respectively.
Nasdaq staff advised the company that the listing compliance matter is now closed. This resolution removes the threat of delisting and allows Direct Digital Holdings to maintain its listing on The Nasdaq Stock Market LLC.
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