Direct Digital Stock Drops 14% After Hours — What's Behind The Slide?

Benzinga_recent_news11-27

Direct Digital Holdings Inc. (NASDAQ: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, ...

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(NASDAQ:DRCT) shares dropped 13.9% in after-hours trading on Wednesday, falling to $0.13.\nCheck out the current price of DRCT stock here.\nAccording to Benzinga Pro data, ...</p>\n\n<a href=\"https://www.benzinga.com/markets/equities/25/11/49102777/direct-digital-stock-drops-14-after-hours-whats-behind-the-slide\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4009","symbol_name":"广告","start_time":0,"source_url":"https://www.benzinga.com/markets/equities/25/11/49102777/direct-digital-stock-drops-14-after-hours-whats-behind-the-slide","article_id":"2586424655","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2025/11/27/Stockmarket-Online-Trading-Chart-Candles.jpeg?optimize=medium&dpr=2&auto=webp&width=240"],"rights":{"source":"benzinga_recent_news","url":"https://www.benzinga.com/markets/equities/25/11/49102777/direct-digital-stock-drops-14-after-hours-whats-behind-the-slide","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2586424655","pubTimestamp":1764236340,"columns":[],"sourceInfo":{"source_id":"benzinga_recent_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Direct Digital Holdings shares fell after-hours following a settlement with Continuation Capital.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4009":"广告","DRCT":"Direct Digital Holdings, Inc."},"translate_title":"Direct Digital股价盘后下跌14%——下跌背后的原因是什么？","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DRCT":1},"content_text":"Direct Digital Holdings Inc. (NASDAQ:DRCT) shares dropped 13.9% in after-hours trading on Wednesday, falling to $0.13.\nCheck out the current price of DRCT stock here.\nAccording to Benzinga Pro data, the stock of the Texas-based company closed on Wednesday at $0.15, down 1.41%.\nThe 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.\nThe 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.\nSee Also: What’s Behind HeartBeam’s Over 40% After-Hours Surge?\nUnder the settlement, Direct Digital will issue up to 50 million Class A common shares to Continuation Capital.\nThe 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.\nThe company issued 95,000 Class A common shares as a settlement fee. \nA court hearing held the day after the settlement was entered determined that the agreement is fair to Continuation Capital.\nThe stock has dropped 90.77% year-to-date.\nThe 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.\nBenzinga 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.\nRead Next:\nPhoto courtesy: Korot Yurii on Shutterstock.com\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.12","shortVersion":"4.35.12","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2586424655","isCrawlerRequest":true}