Financing ·
On August 26, 2026, Direct Digital Holdings entered into the Thirteenth Amendment to its Term Loan and Security…
DRCTDirect Digital Holdings, Inc.
On August 26, 2026, Direct Digital Holdings entered into the Thirteenth Amendment to its Term Loan and Security Agreement with Lafayette Square USA, Inc., securing a new term loan of $695,000. The proceeds fund a $15,000 interest reserve and general corporate purposes. Repayment requires weekly installments starting at $20,000 on August 31, 2026, increasing to $100,000 weekly from September 7 through October 5, with a final $175,000 payment at maturity on October 12, 2026. The amendment confirms prior waiver deadlines and adds a cash flow variance covenant, bringing total outstanding term loans to $15.5 million. Direct Digital Holdings operates in the digital media and advertising industry.