Direct digital holdings announces receipt of expected delinquency notification letter from nasdaq relating to non-compliance with listing rule 5250(c)(1)

Houston , may 24, 2024 /prnewswire/ -- today, direct digital holdings, inc. (the "company") reported that the company received an expected delinquency notification letter (the "notice") from the listing qualifications department of the nasdaq stock market llc ("nasdaq") on may 21, 2024, which indicated that, as a result of the company's delay in filing its quarterly report on form 10-q for the fiscal quarter ended march 31, 2024 (the "form 10-q") by the applicable due date, the company was not in compliance with nasdaq listing rule 5250(c)(1) (the "rule"), which requires nasdaq-listed companies to timely file all required periodic financial reports with the u.s. securities and exchange commission (the "sec"). as previously disclosed by press release on april 23, 2024, the company received a delinquency notification letter from nasdaq on april 17, 2024 due to the company's non-compliance with the rule as a result of the company's failure to timely file its annual report on form 10-k for the year ended december 31, 2023 (the "form 10-k").
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