Direct digital holdings announces receipt of nasdaq notification of non-compliance with listing rule 5250(c)(1)

Houston , april 23, 2024 /prnewswire/ -- today, direct digital holdings, inc. (the "company") 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 (the "notice") from the listing qualifications department of the nasdaq stock market llc ("nasdaq") notifying the company that it was not in compliance with requirements of nasdaq listing rule 5250(c)(1) (the "rule") as a result of not having timely filed its annual report on form 10-k for the fiscal year ended december 31, 2023 (the "annual report") with the securities and exchange commission (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.
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