DoubleDown Interactive (DDI) outlines 2.33M ADS resale by shareholder
Rhea-AI Filing Summary
DoubleDown Interactive Co., Ltd. reports that selling stockholder STIC Special Situation Diamond Limited has entered into an underwriting agreement for an offering of 2,330,468 American Depositary Shares (ADSs) at $8.00 per ADS. Each ADS represents 0.05 common share, for a total of 116,523.40 common shares, and all ADSs are being sold by the selling stockholder.
The transaction is a secondary offering, so the company’s 2,477,672 common shares outstanding will remain unchanged and the company will not receive any proceeds from the sale. Roth Capital Partners, LLC is acting as representative of the underwriters, and closing and delivery of the ADSs are expected on or about December 18, 2025, subject to customary conditions.
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FAQ
What secondary offering did DoubleDown Interactive (DDI) disclose?
DoubleDown Interactive disclosed that selling stockholder STIC Special Situation Diamond Limited agreed to an underwritten secondary offering of 2,330,468 ADSs of the company.
How many DoubleDown Interactive (DDI) ADSs are being sold and at what price?
The offering covers 2,330,468 American Depositary Shares of DoubleDown Interactive at a price to the public of $8.00 per ADS.
What do the DoubleDown Interactive (DDI) ADSs represent in common shares?
Each ADS represents 0.05 common share, so 2,330,468 ADSs correspond to 116,523.40 common shares of DoubleDown Interactive.
Who is selling the ADSs in the DoubleDown Interactive (DDI) offering?
All ADSs in the offering are being sold by the selling stockholder, STIC Special Situation Diamond Limited, rather than by DoubleDown Interactive itself.
Does DoubleDown Interactive (DDI) receive any proceeds from this ADS sale?
No. The company states that it will not receive any proceeds from the sale of ADSs by the selling stockholder in this secondary offering.
Will DoubleDown Interactive’s common shares outstanding change due to this offering?
No. The company explains that the offering consists entirely of ADSs sold by the selling stockholder and will not change its 2,477,672 common shares outstanding.
When is the DoubleDown Interactive (DDI) ADS offering expected to close?
The offering is expected to close on or about December 18, 2025, with the underwriters expecting to deliver the ADSs to purchasers on or about that date, subject to customary closing conditions.