Financing ·
Direct Digital Holdings, Inc. entered into a waiver letter with its lender and administrative agent regarding its Term…
DRCTDirect Digital Holdings, Inc.
Direct Digital Holdings, Inc. entered into a waiver letter with its lender and administrative agent regarding its Term Loan Facility. The lender waived noncompliance with financial covenants for the fiscal quarter ended June 30, 2026, including minimum unrestricted cash, leverage ratio, fixed charge coverage ratio, and EBITDA requirements. Additionally, the lender waived nonpayment of interest for May, June, and July 2026, deferred Twelfth Amendment fees until September 30, 2026, and extended the August 2026 interest payment deadline to September 30, 2026. The Nasdaq Hearings Panel granted an extension of the compliance deadline for the minimum stockholders’ equity requirement until September 15, 2026. Direct Digital Holdings operates in the digital media and advertising industry.