← Back to DH filing summaryThis is the extracted source text from the SEC filing. Formatting may differ from the original document.
Other than described below, management believes that there have been no significant changes to the risk factors associated with our business as compared to those disclosed in Part 1, Item 1A of our 2025 Form 10-K.
We have received a notice of delisting or failure to satisfy a continued listing rule from Nasdaq. If we are unable to regain or maintain compliance, our Class A common stock could be delisted, which could adversely affect our stock price, liquidity, and ability to raise capital.
On June 18, 2026, we received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) providing notification that, for the 30 consecutive business days ended June 17, 2026, the bid price for our Class A common stock had closed below the minimum $1.00 per share requirement for continued listing on The Nasdaq Global Select Market under Nasdaq Listing Rule 5450(a)(1). In accordance with Nasdaq Listing Rule 5810(c)(3)(A), we have been provided an initial period of 180 calendar days, or until December 15, 2026, to regain compliance. To regain compliance, the closing bid price of our Class A common stock must be $1.00 per share or more for a minimum of 10 consecutive business days at any time before December 15, 2026.
This notice has no immediate effect on the listing of the Class A common stock, which continues to trade on The Nasdaq Global Select Market under symbol “DH,” or on our business operations or reporting obligations with the SEC. If we regain compliance, Nasdaq will provide us with written confirmation and will close the matter.
If we do not regain compliance during the initial compliance period, Nasdaq may issue a delisting determination with respect to our Class A common stock, which could result in the delisting of our Class A common stock from Nasdaq. We intend to monitor the bid price of the Class A common stock and will consider options available to us to achieve compliance. However, there can be no assurance that we will regain compliance within the applicable compliance period or otherwise maintain compliance with Nasdaq’s continued listing requirements. If our Class A common stock is delisted from Nasdaq, the market liquidity for our Class A common stock could be adversely affected and the trading price of our Class A common stock could decline. A delisting could also make it more difficult for us to raise additional capital on acceptable terms, or at all, which could adversely affect our business, financial condition and results of operations.