Direct Digital Holdings Announces Private Placement of Up to 50 Million Shares to Settle Claims
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Direct Digital Holdings Inc. will issue up to 50 million Class A Common Stock shares to Continuation Capital, Inc. to settle vendor payables of $3,020,932. The shares are priced at 76% of the lower of two formulas based on recent trading prices. Continuation Capital also receives a settlement fee of 95,000 shares. The issuance is court-approved and exempt from registration under Section 3(a)(10) of the Securities Act of 1933.
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