Filed November 2, 2026 · DRCT
On November 2, 2026, Direct Digital Holdings, Inc. (DRCT) filed Form 25 / 25-NSE. A notice was filed to remove a class of the company's securities from an exchange.
Form 25 notifies the removal of a class of securities from listing on an exchange. The exchange files it (25-NSE) or the company files it itself, and removal takes effect ten days later.
Common reasons are a completed merger or buy-out, a voluntary move to another exchange, the expiry or redemption of warrants or units, the end of a fund, or failing to meet the exchange's listing standards.
A Form 25 does not show distress on its own: completed mergers and expiring warrants are among the most common reasons. The filing says which class of security is affected.
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