Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
"Insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise"
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- Peter Lynch
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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549 |
SCHEDULE 13G
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UNDER THE SECURITIES EXCHANGE ACT OF 1934
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(Amendment No. 5)*
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DoubleDown Interactive Co., Ltd. (Name of Issuer) |
American depositary shares, each representing 0.05 common share, par value W10,000 per share (Title of Class of Securities) |
25862B109 (CUSIP Number) |
04/02/2025 (Date of Event Which Requires Filing of this Statement) |
| Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |
 Rule 13d-1(b)
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 Rule 13d-1(c)
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| Rule 13d-1(d)
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SCHEDULE 13G
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| CUSIP No. | 25862B109 |
| 1 | Names of Reporting Persons
B. Riley Financial, Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
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| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
209,377.60 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
8.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
HC |
Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K as filed with the U.S. Securities and Exchange Commission on November 12, 2024.
SCHEDULE 13G
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| CUSIP No. | 25862B109 |
| 1 | Names of Reporting Persons
BRF Investments, LLC | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
| ||||||||
| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
209,377.60 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
8.5 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
OO |
Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K as filed with the U.S. Securities and Exchange Commission on November 12, 2024.
SCHEDULE 13G
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| CUSIP No. | 25862B109 |
| 1 | Names of Reporting Persons
B. Riley Securities, Inc. | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
DELAWARE
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
1,833.60 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
0.1 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
BD |
Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K as filed with the U.S. Securities and Exchange Commission on November 12, 2024.
SCHEDULE 13G
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| CUSIP No. | 25862B109 |
| 1 | Names of Reporting Persons
Bryant R. Riley | ||||||||
| 2 | Check the appropriate box if a member of a Group (see instructions)
(a)
(b)
| ||||||||
| 3 | Sec Use Only | ||||||||
| 4 | Citizenship or Place of Organization
UNITED STATES
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| Number of Shares Beneficially Owned by Each Reporting Person With: |
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| 9 | Aggregate Amount Beneficially Owned by Each Reporting Person
222,102.60 | ||||||||
| 10 | Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)
| ||||||||
| 11 | Percent of class represented by amount in row (9)
9.0 % | ||||||||
| 12 | Type of Reporting Person (See Instructions)
IN |
Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's Form 6-K as filed with the U.S. Securities and Exchange Commission on November 12, 2024.
SCHEDULE 13G
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| Item 1. | |
| (a) | Name of issuer:
DoubleDown Interactive Co., Ltd. |
| (b) | Address of issuer's principal executive offices:
13F, Gangnam Finance Center, 152, Teheran-ro Gangnam-gu, Seoul, 06236, Republic of Korea |
| Item 2. | |
| (a) | Name of person filing:
B. Riley Financial, Inc., a Delaware corporation ("BRF"),BRF Investments, LLC, a Delaware limited liability company ("BRFI"),B. Riley Securities, Inc., a Delaware corporation ("BRS"), andBryant R. Riley, an individual.Each of the foregoing is referred to as a "Reporting Person" and collectively as the "Reporting Persons." |
| (b) | Address or principal business office or, if none, residence:
11100 Santa Monica Blvd. Suite 800, Los Angeles, CA 90025 |
| (c) | Citizenship:
BRF, BRS and BRFI are organized under the laws of the State of Delaware.Bryant R. Riley is a citizen of the United States of America. |
| (d) | Title of class of securities:
American depositary shares, each representing 0.05 common share, par value W10,000 per share |
| (e) | CUSIP No.:
25862B109 |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
(1) As of the date hereof, BRFI directly owned 4,187,552 ADS, which represent 209,377.6 Common Shares. As of the date hereof, BRF as the parent company of BRFI may be deemed to have beneficially own 4,187,552 ADS, which represent 209,377.6 Common Shares.(2) As of the date hereof, BRS directly owned 36,672 ADS, which represent 1,833.6 Common Shares. As previously disclosed, on March 11, 2025, BRF effected a transaction pursuant to which BRF separated B. Riley Securities Holding, LLC ("BRSH"), the parent company of BRS, from BRF. As a result of the transaction, BRS implemented its own operating and governance structure and established a board of directors independent from BRF. As a result, BRF is no longer the beneficial owner of the Shares held by BRS.(3) As of the date hereof, Bryant R. Riley may beneficially own 4,442,051 ADS, which represent 222,102.6 Common Shares, of which (a) 92,585 ADS, which represent 4,629.3 Common Shares, are held jointly by Bryant R. Riley and his spouse, (b) 33,338 ADS, which represent 1,666.9 Common Shares, are held as sole custodian for the benefit of Abigail Riley, (d) 34,638 ADS, which represent 1,731.9 Common Shares, are held as sole custodian for the benefit of Charlie Riley, (e) 33,338 ADS, which represent 1,666.9 Common Shares, are held as sole custodian for the benefit of Eloise Riley, (f) 60,600 ADS, which represent 3,030 Common Shares, are held as sole custodian for the benefit of Susan Riley, and (g) 4,186,412 ADS, which represent 209,320.6 Common Shares, are held directly by BRFI in the manner specified in the paragraph (1) above. |
| (b) | Percent of class:
The information contained on the cover pages to this Amendment is incorporated by reference herein. %
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| (c) | Number of shares as to which the person has:
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| (i) Sole power to vote or to direct the vote:
The information contained on the cover pages to this Amendment is incorporated by reference herein. | |
| (ii) Shared power to vote or to direct the vote:
The information contained on the cover pages to this Amendment is incorporated by reference herein. | |
| (iii) Sole power to dispose or to direct the disposition of:
The information contained on the cover pages to this Amendment is incorporated by reference herein. | |
| (iv) Shared power to dispose or to direct the disposition of:
The information contained on the cover pages to this Amendment is incorporated by reference herein. | |
| Item 5. | Ownership of 5 Percent or Less of a Class. |
| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
As previously disclosed, on March 11, 2025, BRF effected a transaction pursuant to which BRF separated B. Riley Securities Holding, LLC ("BRSH"), the parent company of BRS, from BRF. As a result of the transaction, BRS implemented its own operating and governance structure and established a board of directors in
dependent from BRF. As a result, BRF is no longer the beneficial owner of the shares held by BRS. BRS may no longer be deemed to be part of a "group" that beneficially owns more than 5% of the Common Shares outstanding. | |
| Item 8. | Identification and Classification of Members of the Group. |
Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
Not Applicable
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| Item 10. | Certifications: |
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. |
| SIGNATURE | |
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
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