Direct Digital Holdings Files S-1 Registration

TL;DR

DDHI filed an S-1, looks like they're gearing up to sell stock.

AI Summary

Direct Digital Holdings, Inc. filed an S-1 registration statement with the SEC on October 22, 2024. The company, incorporated in Delaware, is based in Houston, Texas, and operates in the advertising services sector. The filing indicates a registration statement number of 333-282762.

Why It Matters

This S-1 filing is a crucial step for Direct Digital Holdings, Inc. as it signals their intent to offer securities to the public, potentially raising capital for growth or other corporate purposes.

Risk Assessment

Risk Level: medium — An S-1 filing indicates a company is preparing to go public or conduct a secondary offering, which inherently carries market and execution risks.

Key Numbers

• 333-282762 — SEC File Number (Identifies the specific registration statement filed with the SEC.)
• 1231 — Fiscal Year End (Indicates the company's financial year concludes on December 31st.)

Key Players & Entities

• Direct Digital Holdings, Inc. (company) — Registrant
• Mark Walker (person) — Chairman and Chief Executive Officer
• Keith Smith (person) — President
• 333-282762 (dollar_amount) — SEC File Number
• 7370 (dollar_amount) — Primary Standard Industrial Classification Code Number
• 87-2306185 (dollar_amount) — I.R.S. Employer Identification Number

FAQ

Key Financial Figures

• $0.001 — of our Class A common stock, par value $0.001 per share (the “Class A Common St
• $20 million — s defined herein), we may receive up to $20 million aggregate gross proceeds (subject to ce
• $2.77 — e price of our Class A Common Stock was $2.77 per share. 2 Investing in our securi
• $0.01 — ases, pay the second highest price plus $0.01 and in a few cases pay the highest pric

Filing Documents

• tm2426464d1_s1.htm (S-1) — 355KB
• tm2426464d1_ex5-1.htm (EX-5.1) — 14KB
• tm2426464d1_ex23-1.htm (EX-23.1) — 3KB
• tm2426464d1_ex23-2.htm (EX-23.2) — 2KB
• tm2426464d1_ex-filingfees.htm (EX-FILING FEES) — 20KB
• tm2426464d1_ex5-1img01.jpg (GRAPHIC) — 5KB
• tm2426464d1_s1img01.jpg (GRAPHIC) — 10KB
• tm2426464d1_s1img02.jpg (GRAPHIC) — 28KB
• tm2426464d1_s1img03.jpg (GRAPHIC) — 10KB
• tm2426464d1_ex5-1img02.jpg (GRAPHIC) — 5KB
• 0001104659-24-110407.txt ( ) — 475KB

RISK FACTORS

RISK FACTORS 17 THE NEW CIRCLE TRANSACTION 19 DIVIDEND POLICY 24

USE OF PROCEEDS

USE OF PROCEEDS 25 DETERMINATION OF OFFERING PRICE 26 THE SELLING STOCKHOLDER 26 PLAN OF DISTRIBUTION 27 DESCRIPTION OF CAPITAL STOCK 29 LEGAL MATTERS 32 EXPERTS 32 WHERE YOU CAN FIND MORE INFORMATION 32 INCORPORATION OF CERTAIN INFORMATION BY REFERENCE 32 You should rely only on the information contained in this prospectus or any amendment or supplement to this prospectus. This prospectus is an offer to sell only the securities offered hereby, but only under the circumstances and in jurisdictions where it is lawful to do so. Neither we nor the selling stockholder have authorized anyone to provide you with information different from that contained in this prospectus or any amendment or supplement to this prospectus. Neither we nor the selling stockholder take any responsibility for, or can provide any assurance as to the reliability of, any information other than the information in this prospectus or any amendment or supplement to this prospectus. The information in this prospectus or any amendment or supplement to this prospectus is accurate only as of its date, regardless of the time of delivery of this prospectus or any amendment or supplement to this prospectus, as applicable, or any sale of the securities offered by this prospectus. Our business, financial condition, results of operations, and prospects may have changed since that date. 4 ABOUT THIS PROSPECTUS We have not, and the selling stockholder has not, authorized anyone to provide you with information different from that contained or incorporated by reference in this prospectus or any accompanying prospectus supplement or free writing prospectus, and neither we nor the selling stockholder take any responsibility for any other information that others may give you. The selling stockholder is offering to sell these securities and seeking offers to buy these securities only in jurisdictions where offers and sales are permitted. This prospectus and any accompanying supplement t

View Full Filing

View this S-1 filing on SEC EDGAR