Bryant Riley reports 7.3% stake in DoubleDown

DoubleDown Interactive Co., Ltd. received an updated ownership report showing entities affiliated with Bryant Riley holding a significant passive stake.

Rhea-AI Filing Summary

DoubleDown Interactive Co., Ltd. received an updated ownership report showing entities affiliated with Bryant Riley holding a significant passive stake. The filing states that BRC Group Holdings, Inc. may be deemed to beneficially own 3,477,440 American depositary shares (ADS), representing 173,872 common shares, or 7.0% of the company, based on 2,477,672 common shares outstanding. Bryant Riley may beneficially own 3,639,354 ADS, representing 181,967.70 common shares, equal to 7.3% of the class. The ADS each represent 0.05 common share, and the reporting persons certify the holdings are not for the purpose of changing or influencing control.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What ownership stake in DoubleDown Interactive (DDI) does Bryant Riley report?

Bryant Riley may beneficially own 3,639,354 American depositary shares, representing 181,967.70 common shares, or 7.3% of DoubleDown Interactive’s outstanding common shares. This percentage is calculated using 2,477,672 common shares outstanding from a December 17, 2025 prospectus supplement.

How much of DoubleDown Interactive does BRC Group Holdings, Inc. own?

BRC Group Holdings, Inc. may be deemed to beneficially own 3,477,440 American depositary shares, representing 173,872 common shares, or 7.0% of DoubleDown Interactive’s common shares. These figures are based on 2,477,672 common shares outstanding disclosed in a December 17, 2025 prospectus supplement.

What DoubleDown Interactive holdings are reported for BRF Investments, LLC?

BRF Investments, LLC directly owns 3,390,768 American depositary shares of DoubleDown Interactive. These ADS represent 169,538.40 common shares, equal to 6.8% of the company’s outstanding common shares, using a total of 2,477,672 common shares outstanding as the reference base.

How many DoubleDown Interactive ADS does B. Riley Principal Investments, LLC hold?

B. Riley Principal Investments, LLC directly owns 50,000 American depositary shares of DoubleDown Interactive. These ADS correspond to 2,500.00 common shares, representing 0.1% of the outstanding common shares, calculated against 2,477,672 common shares reported as outstanding by the issuer.

Are Bryant Riley’s DoubleDown Interactive holdings intended to influence control?

The reporting persons certify the DoubleDown Interactive securities were not acquired and are not held to change or influence control of the issuer. They also state the holdings are not part of any transaction or group formed for that control-related purpose, aside from certain proxy nomination activities.

What does each DoubleDown Interactive ADS represent in this filing?

Each DoubleDown Interactive American depositary share represents 0.05 common share with par value W10,000 per share. Ownership percentages and share counts in the filing convert ADS positions into underlying common shares using this ratio to describe the economic interest in the company.

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Accepted by SEC EDGAR 02/13/2026 - 05:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 8)

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)

12/31/2025

(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)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 25862B109

1

Names of Reporting Persons

BRC Group Holdings, 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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 173,872.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 173,872.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

173,872.00

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)

7.0 %

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 prospectus supplement filed with the U.S. Securities and Exchange Commission on December 17, 2025.

SCHEDULE 13G

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:

5	Sole Voting Power 0.00
6	Shared Voting Power 169,538.40
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 169,538.40

9

Aggregate Amount Beneficially Owned by Each Reporting Person

169,538.40

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)

6.8 %

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 prospectus supplement filed with the U.S. Securities and Exchange Commission on December 17, 2025.

SCHEDULE 13G

CUSIP No. 25862B109

1

Names of Reporting Persons

B. Riley Principal 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:

5	Sole Voting Power 0.00
6	Shared Voting Power 2,500.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 2,500.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

2,500.00

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)

OO

Comment for Type of Reporting Person: This percentage is based on 2,477,672 common shares outstanding according to the issuer's prospectus supplement filed with the U.S. Securities and Exchange Commission on December 17, 2025.

SCHEDULE 13G

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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,833.60
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,833.60

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 prospectus supplement filed with the U.S. Securities and Exchange Commission on December 17, 2025.

SCHEDULE 13G

CUSIP No. 25862B109

1

Names of Reporting Persons

Bryant 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

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 8,095.70
6	Shared Voting Power 173,872.00
7	Sole Dispositive Power 8,095.70
8	Shared Dispositive Power 173,872.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

181,967.70

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)

7.3 %

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 prospectus supplement filed with the U.S. Securities and Exchange Commission on December 17, 2025.

SCHEDULE 13G

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: BRC Group Holdings, Inc., a Delaware corporation ("BRC"), BRF Investments, LLC, a Delaware limited liability company ("BRFI"), B. Riley Principal Investments, LLC, a Delaware limited liability company ("BRPI"), B. Riley Securities, Inc., a Delaware corporation ("BRS"), and Bryant 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: BRC, BRFI, BRPI and BRS are organized under the laws of the State of Delaware. Bryant 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 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: (1) As of the date hereof, BRFI directly owned 3,390,768 ADS, which represent 169,538.40 Common Shares. (2) As of the date hereof, BRPI directly owned 50,000 ADS, which represent 2,500.00 Common Shares. (3) As of the date hereof, BRS directly owned 36,672 ADS, which represent 1,833.60 Common Shares. (4) As of the date hereof, BRC as the parent company of BRFI and BRPI and the majority shareholder of B. Riley Securities Holdings, Inc. ("BRSH"), which is the parent of BRS, may be deemed to beneficially own 3,477,440 ADS, which represent 173,872.00 Common Shares, of which (a) 3,390,768 ADS, which represent 169,538.40 Common Shares, are held directly by BRFI in the manner specified in the paragraph (1) above, (b) 50,000 ADS, which represent 2,500.00 Common Shares, are held directly by BRPI in the manner specified in the paragraph (2) above and (c) 36,672 ADS, which represent 1,833.60 Common Shares, are held directly by BRS in the manner specified in the paragraph (3) above. (5) As of the date hereof, Bryant Riley may beneficially own 3,639,354 ADS, which represent 181,967.70 Common Shares, of which (a) 33,338 ADS, which represent 1,666.90 Common Shares, are held as sole custodian for the benefit of Abigail Riley, (b) 34,638 ADS, which represent 1,731.90 Common Shares, are held as sole custodian for the benefit of Charlie Riley, (c) 33,338 ADS, which represent 1,666.90 Common Shares, are held as sole custodian for the benefit of Eloise Riley, (d) 60,600 ADS, which represent 3,030.00 Common Shares, are held as sole custodian for the benefit of Susan Riley, (e) 3,390,768 ADS, which represent 169,538.40 Common Shares, are held directly by BRFI in the manner specified in the paragraph (1) above, (f) 50,000 ADS, which represent 2,500.00 Common Shares, are held directly by BRPI in the manner specified in the paragraph (2) above and (g) 36,672 ADS, which represent 1,833.60 Common Shares, are held directly by BRS in the manner specified in the paragraph (3) above.
(b)	Percent of class: The information contained on the cover pages to this Amendment is incorporated by reference herein.
(c)	Number of shares as to which the person has:
	(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.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
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. BRFI and BRPI are subsidiaries of BRC. BRS is a wholly owned subsidiary BRSH. BRSH is majority owned by BRC.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

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.

BRC Group Holdings, Inc.

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Co-Chief Executive Officer
Date:	02/13/2026

BRF Investments, LLC

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Authorized Signatory
Date:	02/13/2026

B. Riley Principal Investments, LLC

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Authorized Signatory
Date:	02/13/2026

B. Riley Securities, Inc.

Signature:	/s/ Frank Pigott
Name/Title:	Frank Pigott/General Counsel and Secretary
Date:	02/13/2026

Bryant Riley

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley
Date:	02/13/2026