<div id="readability-page-1">Direct Digital Holdings Inc. ( DRCT ) shares dropped 13.9% in after-hours trading on Wednesday, falling to $0.13. Check out the current price of DRCT stock here. According to Benzinga Pro data, the stock of the Texas-based company closed on Wednesday at $0.15, down 1.41%. <h2>Settlement Agreement Details</h2> The company filed a Form 8-K with the Securities and Exchange Commission (SEC) on Wednesday, revealing it reached a settlement agreement last week with Continuation Capital Inc. The agreement releases certain claims held by Continuation Capital related to third-party vendor payables of $3.02 million that were separately assigned to Continuation Capital. See Also: What’s Behind HeartBeam’s Over 40% After-Hours Surge? <h2>Share Issuance Terms</h2> Under the settlement, Direct Digital ( DRCT ) will issue up to 50 million Class A common shares to Continuation Capital. The exchange price is set at 76% of whichever is lower: the volume-weighted average sale price over a five-day valuation period, or the average of the four lowest closing prices from the most recent five days in that period. <h2>Additional Consideration</h2> The company issued 95,000 Class A common shares as a settlement fee. A court hearing held the day after the settlement was entered determined that the agreement is fair to Continuation Capital. <h2>Stock Performance</h2> The stock has dropped 90.77% year-to-date. The stock of the advertising technology company has a 52-week range of $0.12 to $6.59, with a market capitalization of $4.4 million. Benzinga Edge Stock Rankings indicate that DRCT stock has a negative price trend across all time frames. Track the performance of other players in this segment. &lt;figure class=&#34;wp-block-image aligncenter size-full&#34;&gt;<img width="427" height="270" src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/27033254/image-670.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://editorial-assets.benzinga.com/wp-content/uploads/2025/11/27033254/image-670.png"/>&lt;/figure&gt; Read Next: <ul> <li>Security Matters (SMX) Shares Jump Over 48% After Hours: What’s Going On?</li> </ul> Photo courtesy: Korot Yurii on Shutterstock.com Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.</div>

DRCT

Direct Digital Holdings Inc. (DRCT) 的股票在盘后交易中下跌了 13.9%，至 0.13 美元。此次下跌是由于与 Continuation Capital Inc. 达成的和解协议，涉及发行多达 5000 万股 A 类普通股。该股票年初至今已下跌 90.77%，52 周范围为 0.12 美元至 6.59 美元。市值为 440 万美元

Direct Digital 股票在盘后交易中下跌 14%——下跌背后的原因是什么？