---
title: "Direct announces 4-for-1 reverse stock split to maintain Nasdaq minimum bid compliance"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283835605.md"
description: "Direct announced a 4-for-1 reverse stock split effective April 27, 2026, to comply with Nasdaq's minimum bid price requirement of $1.00. This split will reduce outstanding Class A shares from approximately 2.8 million to 0.7 million and Class B shares from 0.17 million to 0.04 million. There will be no change to the par value or authorized shares, and fractional shares will be settled in cash. Class A shares will continue trading under the ticker DRCT, with a new CUSIP of 25461T303."
datetime: "2026-04-23T12:43:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283835605.md)
  - [en](https://longbridge.com/en/news/283835605.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283835605.md)
---

# Direct announces 4-for-1 reverse stock split to maintain Nasdaq minimum bid compliance

**Direct announced a 4-for-1 reverse stock split to help maintain Nasdaq minimum bid price compliance.**

**Key Highlights:**

-   Company will effect a 4-to-1 reverse split of Class A and Class B common stock, effective trading April 27, 2026.
-   Purpose is to maintain compliance with Nasdaq’s $1.00 minimum bid price requirement and support an efficient public float.
-   Outstanding Class A shares will drop from ~2.8M to ~0.7M; Class B shares from ~0.17M to ~0.04M after the split.
-   No change to $0.001 par value or authorized shares; fractional shares will be settled in cash by transfer agent Equiniti.
-   Class A will continue trading under ticker DRCT; new CUSIP for Class A is 25461T303.

Original SEC Filing: Direct Digital Holdings, Inc. \[ DRCT \] - 8-K - Apr. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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