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