DoubleDown Interactive Announces Pricing of Secondary Offering by Selling Shareholder

Rhea-AI Summary

DoubleDown Interactive (Nasdaq: DDI) priced an underwritten secondary offering of 2,330,468 ADSs at $8.00 per ADS by selling shareholder STIC Special Situation Diamond Limited. Each ADS represents 0.05 common share. The offering consists entirely of ADSs sold by the selling shareholder; the company will not receive proceeds and the number of outstanding common shares will not change. The offering is expected to close on or about December 18, 2025, subject to customary closing conditions. Roth Capital Partners is lead bookrunning manager and Texas Capital Securities is co-bookrunning manager. The ADSs are offered under a shelf registration on Form F-3 declared effective September 30, 2025.

Key Figures

ADS offering size 2,330,468 ADS Secondary underwritten offering by selling shareholder

Offering price $8.00 per ADS Public offering price for secondary ADS sale

ADS to share ratio 0.05 common share per ADS Each ADS represents fractional common share

Expected close date December 18, 2025 Planned closing date subject to customary conditions

Form type Form F-3 Registration statement used for this ADS offering

F-3 filing date September 19, 2025 Date Form F-3 was filed with the SEC

F-3 effectiveness date September 30, 2025 Date Form F-3 was declared effective by the SEC

Market Reality Check

$8.59 Last Close

Volume Volume 25,328 is below the 20-day average of 37,127 ahead of the offering. low

Technical Shares at $8.81 are trading below the 200-day MA of $9.53, near the 52-week low of $8.09.

Peers on Argus

DDI was flat at 0.0% pre-news while peers were mixed: GRVY -0.83%, SOHU -1.78%, GDEV -2.64%, PLTK +1.46%, suggesting stock-specific focus.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Nov 17	Charitable donation	Positive	+3.1%	Announced <b>$10,000</b> donation and player engagement campaign for Meals on Wheels.
Nov 10	Earnings release	Positive	+2.6%	Q3 2025 revenue up <b>15.5%</b> to <b>$95.8M</b> with profit of <b>$32.7M</b>.
Oct 27	Conference call setup	Neutral	+3.7%	Scheduled Q3 2025 results release and investor conference call and webcast.
Aug 12	Earnings release	Negative	-1.4%	Q2 2025 revenue declined to <b>$84.8M</b> with lower profit versus Q2 2024.
Jul 29	Conference call setup	Neutral	-0.7%	Announced timing and webcast details for Q2 2025 earnings call.

Pattern Detected

Recent news has generally coincided with modest positive price reactions, especially around earnings and corporate updates.

Recent Company History

Over the last six months, DoubleDown has reported solid financial results and strategic expansion. Q2 and Q3 2025 updates highlighted strong profitability and growth in iGaming, while Q3 revenue reached $95.8M with profit of $32.7M. Community initiatives and regular conference calls have kept investors informed. Against this backdrop, the current secondary ADS offering by a selling shareholder follows a period of stable, mostly positive reactions to prior announcements.

Market Pulse Summary

The stock moved -6.4% in the session following this news. A negative reaction despite the company not issuing new shares would fit a pattern where offerings by selling shareholders still weighed on sentiment. Earlier news saw modest moves of between about -1.37% and +3.74%, so a large decline would stand out versus recent history. Attention may focus on the $8.00 offering price, the 2,330,468 ADS size, and the stock’s position below its $9.53 200-day MA.

Key Terms

american depositary shares financial

"announced the pricing of an underwritten secondary offering of 2,330,468 American Depositary Shares"

American depositary shares (ADSs) are a way for investors in the United States to buy shares of foreign companies without dealing with international markets directly. They represent ownership in a foreign company's stock and are traded on U.S. stock exchanges, making it easier for American investors to buy, sell, and own parts of companies from around the world.

ads financial

"The offering consists entirely of the ADSs to be sold by the Selling Shareholder"

Ads are paid promotional messages a company places across media — online, on TV, in print, or on social platforms — to attract customers, explain products, or shape public perception. For investors, ads matter because they drive sales growth, affect how much a company must spend to win customers, and influence brand strength and long-term value. Ads can also create regulatory or reputational risk if claims are misleading, which can affect profits and stock price.

form f-3 regulatory

"pursuant to a shelf registration statement on Form F-3 (the “Registration Statement”)"

Form F-3 is a U.S. securities filing that lets eligible foreign companies pre-register and then quickly sell shares or other securities to raise money, because they already meet ongoing reporting and size tests. For investors it signals that the company is up-to-date with regulatory disclosure and has an efficient way to issue new securities — similar to a pre-approved credit line — which can mean faster capital raises but also potential dilution of existing holdings.

prospectus supplement regulatory

"The offering is being made only by means of a prospectus supplement and accompanying prospectus"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

securities and exchange commission regulatory

"filed by the Company with the Securities and Exchange Commission (“SEC”) on September 19, 2025"

A national government agency that enforces rules for buying, selling and disclosing information about stocks and other investments, acting like a referee and scorekeeper for financial markets. It requires companies to share clear, regular financial and business information and investigates fraud or rule-breaking, which matters to investors because those rules and disclosures help ensure fair prices, reduce hidden risks and make it easier to compare investment choices.

forward-looking statements regulatory

"Certain statements herein are “forward-looking statements” made pursuant to the safe harbor provisions"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. Not financial advice.

SEOUL, South Korea, Dec. 17, 2025 (GLOBE NEWSWIRE) -- DoubleDown Interactive Co., Ltd. (Nasdaq: DDI) (“DoubleDown” or the “Company”) today announced the pricing of an underwritten secondary offering of 2,330,468 American Depositary Shares (the “ADSs”), each ADS representing 0.05 common share of the Company (“Common Shares”), at a public offering price of $8.00 per ADS by STIC Special Situation Diamond Limited (the “Selling Shareholder”). The offering consists entirely of the ADSs to be sold by the Selling Shareholder and will not change the number of Common Shares that are outstanding.

The Company will not receive any proceeds from the sale of the ADSs by the Selling Shareholder. The offering is expected to close on or about December 18, 2025, subject to the satisfaction of customary closing conditions.

Roth Capital Partners is acting as Lead Bookrunning Manager and Texas Capital Securities is acting as Co-Bookrunning Manager for the offering.

The ADSs in this offering are being offered pursuant to a shelf registration statement on Form F-3 (the “Registration Statement”) filed by the Company with the Securities and Exchange Commission (“SEC”) on September 19, 2025 and declared effective on September 30, 2025.

The offering is being made only by means of a prospectus supplement and accompanying prospectus that form a part of the Registration Statement. A prospectus supplement and accompanying prospectus relating to and describing the terms of the offering will be filed by the Company with the SEC and may be obtained from: Roth Capital Partners, LLC, 888 San Clemente Drive, Suite 400, Newport Beach, CA 92660, by phone: (800) 678-9147, or by email at rothecm@roth.com; or by accessing the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Any offers, solicitations or offers to buy, or any sales of securities will be made in accordance with the registration requirements of the Securities Act of 1933, as amended.

Certain statements herein are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements reflect the Company’s current expectations or beliefs concerning future events, including the Company’s expectations regarding the closing of the offering, and actual events may differ materially from current expectations. Any such forward-looking statements are subject to various risks and uncertainties, including the strength of the economy, changes to the market for securities, political or financial instability and other factors which are set forth in the Company’s Registration Statement and most recent annual report on Form 20-F and in all filings with the SEC made by the Company subsequent to the filing thereof. The Company does not undertake to publicly update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.

About DoubleDown Interactive

DoubleDown Interactive Co., Ltd. is a leading developer and publisher of digital games on mobile and web-based platforms. The Company is the creators of multi-format interactive entertainment experiences for casual players, bringing authentic Vegas entertainment to players around the world through an online social casino experience. The Company’s flagship social casino title, DoubleDown Casino, has been a fan-favorite game on leading social and mobile platforms for years, entertaining millions of players worldwide with a lineup of classic and modern games. The Company recently expanded its social casino platform with the acquisition of WHOW Games GmbH, a developer headquartered in Hamburg, Germany. The Company’s subsidiary, SuprNation, also operates three real-money iGaming sites in Western Europe.

Company Contact:
Joe Sigrist
Chief Financial Officer
+1 (206) 408-7545
ir@doubledown.com

Investor Relations Contact:
Joseph Jaffoni, Christin Armacost
JCIR
+1 (212) 835-8500
DDI@jcir.com

FAQ

How many ADSs is DoubleDown (DDI) selling in the December 2025 secondary offering?

The offering is for 2,330,468 ADSs, sold by the selling shareholder.

What is the public offering price per ADS in the DDI secondary offering?

The public offering price is $8.00 per ADS.

Will DoubleDown (DDI) receive any proceeds from the December 2025 ADS sale?

No. The company will not receive any proceeds; the ADSs are being sold by the selling shareholder.

When is the DDI secondary offering expected to close?

The offering is expected to close on or about December 18, 2025, subject to customary closing conditions.

Who is the selling shareholder in the DoubleDown (DDI) ADS offering?

The selling shareholder is STIC Special Situation Diamond Limited.

Under what registration is DoubleDown (DDI) offering the ADSs and when was it declared effective?

The ADSs are offered under a shelf registration on Form F-3 that was declared effective on September 30, 2025.