Direct Digital Holdings stock soars after regaining Nasdaq compliance

Investing.com -- Direct Digital Holdings Inc (NASDAQ:DRCT) stock surged 55% Thursday after the advertising and marketing technology platform announced it has regained compliance with Nasdaq’s minimum stockholders’ equity requirement.

The company received notice from the Nasdaq Listing Qualifications Department that it now meets the $2.5 million minimum stockholders’ equity threshold required for continued listing on the Nasdaq Capital Market under Rule 5550(b)(1).

Additionally, the Nasdaq Hearings Panel granted Direct Digital Holdings an exception until January 30, 2026, to demonstrate compliance with the minimum bid price requirement. To meet this condition, the company’s Class A Common Stock must close at or above $1.00 per share for a minimum of 10 consecutive business days.

"We are pleased to have regained compliance with Nasdaq’s minimum stockholders’ equity requirement, reflecting our strengthened financial position and continued focus on building long-term shareholder value," said Mark Walker, Chief Executive Officer of Direct Digital Holdings.

The company operates through its subsidiaries Colossus Media, LLC and Orange 142, LLC, providing advertising and marketing technology solutions.

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