Direct Digital Holdings reported that as a result of requiring additional time to complete the audit of its financial statements, on April 17, 2024 it received a notice from the Listing Qualifications Department of The Nasdaq Stock Market LLC notifying the company that it was not in compliance with requirements of Nasdaq Listing Rule 5250(c) as a result of not having timely filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2023 with the SEC. Pursuant to the Nasdaq Listing Rules and the Notice, the company has been afforded 60 calendar days, or until June 16, 2024, to submit a plan to regain compliance. If Nasdaq accepts the compliance plan, the Nasdaq staff may grant the company an exception of up to 180 calendar days from the filing’s due date, or until October 14, 2024, to regain compliance.
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