Direct Digital Holdings Inc (DRCT)

[subslover]

$13.91 new 52-week high! On November 27, 2023, Direct Digital Holdings, Inc. (the “Company”) entered into that certain Second Amendment (the “Amendment”) to the Credit Agreement, dated July 7, 2023 (the “Existing Credit Agreement”), by and among East West Bank (“EWB”), as lender, and Direct Digital Holdings, LLC, the Company, Huddled Masses LLC, Colossus Media, LLC and Orange142, LLC, as borrowers (collectively, “Borrowers”). Under the terms of the Amendment, pursuant to Section 2.07 of the Existing Credit Agreement, Borrowers have requested and EWB has agreed to increase the aggregate size of the revolving facility from $5,000,000 to $10,000,000. Accordingly, the new commitment under the Existing Credit Agreement means that EWB is obligated to make available revolving credit advances in an aggregate principal amount up to but not exceeding $10,000,000.