Direct Digital Holdings(US:DRCT) Prnewswireยท2024-10-15 21:03Core Viewpoint - Direct Digital Holdings has filed its 2023 Annual Report and the first two quarterly reports for 2024, aiming to regain compliance with Nasdaq listing rules and restore normal reporting cadence [1][2][3] Group 1: Company Actions and Challenges - The company faced challenges due to the unexpected resignation of its previous auditor and misinformation attacks that disrupted business operations and capital-raising efforts [3] - Actions taken to address these challenges include staff reductions, cost-saving measures, and engaging a new independent accounting firm, BDO, USA, P.C. [3][4] - The company is awaiting a formal compliance determination from Nasdaq after filing the necessary reports [2][4] Group 2: Financial Outlook - Direct Digital Holdings is currently unable to provide guidance for the full-year 2024 due to the challenges faced [5] - The company expects to regain compliance with Nasdaq, which will facilitate access to capital markets and financing sources [4] Group 3: Company Overview - Direct Digital Holdings operates through subsidiaries Colossus SSP, Huddled Masses, and Orange 142, providing advanced advertising solutions across various media channels [11] - The company generates billions of impressions per month, serving a diverse range of sectors including energy, healthcare, travel, and financial services [11]