Direct Digital Holdings Sells 12.6 Million Unregistered Shares for $1.3 Million
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Direct Digital Holdings Inc. sold 12.6 million unregistered Class A Common Stock shares for $1.3 million in a private placement to New Circle Principal Investments LLC. The sale was conducted under an Equity Reserve Facility and relied on exemptions from the Securities Act. The shares sold exceeded 5% of the company's outstanding stock as of September 30, 2025.
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