[SCHEDULE 13G/A] DoubleDown Interactive Co., Ltd. SEC Filing

Rhea-AI Filing Summary

The filing discloses that B. Riley Financial, Inc., its subsidiary BRF Investments, LLC, and Bryant Riley hold significant positions in DoubleDown Interactive Co., Ltd. (symbol DDI). BRFI directly holds 3,606,568 ADS, equal to 180,328.4 common shares (7.3% of the class). Bryant Riley beneficially owns 3,861,068 ADS, equal to 193,053.4 common shares (7.8% of the class), which includes directly held ADS plus ADS held jointly or as custodian for family members. Shared voting and dispositive power is reported for 180,328.4 common shares. The filing states these holdings were not acquired to change or influence control of the issuer.

Positive

• Material disclosure of ownership: Reported stakes (7.3% and 7.8%) meet SEC transparency requirements for investors
• Clear breakdown of holdings: ADS counts, underlying common-share equivalents, and sources (direct, joint, custodial) are explicitly detailed
• Certification of passive intent: Filing states holdings were not acquired to change or influence control

Negative

• None.

Insights

Financial Analyst

TL;DR: Major investor group holds ~7–8% of DDI, a meaningful stake that could influence liquidity or signal confidence.

BRFI's direct ownership of 3,606,568 ADS (180,328.4 common shares, 7.3%) and Bryant Riley's aggregate 3,861,068 ADS (193,053.4 common shares, 7.8%) represent a notable minority position in DDI given the 2,477,672-share outstanding base cited. Shared voting and dispositive power is disclosed for 180,328.4 shares, indicating centralized control of the subsidiary-held block. The certification that holdings are not intended to change control suggests passive or investment-oriented purposes. For investors, this level of ownership is material but not controlling; it may affect trading dynamics and governance voting outcomes if coordinated with other holders.

Corporate Governance Expert

TL;DR: Reported holdings exceed 5% disclosure threshold; no indication of control change or group formation.

The Schedule 13G/A reports ownership classification consistent with passive disclosure thresholds. BRFI is identified as a parent of BRFI Investments, LLC, and BRFI Investments holds the reported ADS block. The filing notes BRFI as parent and BRFI Investments as subsidiary, and Item 10 certifies no intent to influence control. The split between sole and shared voting/dispositive power shows personal and subsidiary holdings aggregated by Bryant Riley. This is a routine, material disclosure for governance transparency without reported activism or control intent.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

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)

06/30/2025

(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

B. Riley Financial, 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 180,328.40
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 180,328.40

9

Aggregate Amount Beneficially Owned by Each Reporting Person

180,328.40

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)

7.3 %

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 June 12, 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 180,328.40
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 180,328.40

9

Aggregate Amount Beneficially Owned by Each Reporting Person

180,328.40

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)

7.3 %

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 June 12, 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 12,725.00
6	Shared Voting Power 180,328.40
7	Sole Dispositive Power 12,725.00
8	Shared Dispositive Power 180,328.40

9

Aggregate Amount Beneficially Owned by Each Reporting Person

193,053.40

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)

7.8 %

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 June 12, 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: B. Riley Financial, Inc., a Delaware corporation ("BRF"), BRF Investments, LLC, a Delaware limited liability company ("BRFI"), 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: BRF and BRFI 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 4.	Ownership
(a)	Amount beneficially owned: (1) As of the date hereof, BRFI directly owned 3,606,568 ADS, which represent 180,328.4 Common Shares. As of the date hereof, BRF as the parent company of BRFI may be deemed to beneficially own 3,606,568ADS, which represent 180,328.4 Common Shares held by BRFI. (2) As of the date hereof, Bryant Riley may beneficially own 3,861,068 ADS, which represent 193,053.4 Common Shares, of which (a) 92,585 ADS, which represent 4,629.3 Common Shares, are held jointly by Bryant 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) 3,606,568 ADS, which represent 180,328.4 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.
(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.
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 is a subsidiary of BRF.
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.

B. Riley Financial, Inc.

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Co-Chief Executive Officer
Date:	08/14/2025

BRF Investments, LLC

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley/Authorized Signatory
Date:	08/14/2025

Bryant Riley

Signature:	/s/ Bryant Riley
Name/Title:	Bryant Riley
Date:	08/14/2025

FAQ

How many ADS and common-share equivalents does BRF Investments, LLC hold in DDI?

BRFI directly holds 3,606,568 ADS, which represent 180,328.4 common shares (about 7.3% of the class).

What is Bryant Riley’s total reported ownership in DDI?

Bryant Riley beneficially owns 3,861,068 ADS representing 193,053.4 common shares (about 7.8% of the class), including direct and custodial holdings.

Does the filing indicate an intent to change or influence control of DoubleDown Interactive (DDI)?

No. Item 10 contains a certification that the securities were not acquired and are not held to change or influence control of the issuer.

What percent of DDI’s class do these holdings represent and what outstanding base is that percentage based on?

Percentages reported are 7.3% (BRFI/BRFI Investments) and 7.8% (Bryant Riley) based on 2,477,672 common shares outstanding per the prospectus supplement referenced in the filing.

Who has voting and dispositive power over the reported shares?

The filing shows shared voting power and shared dispositive power of 180,328.4 common shares for the reporting entities; Bryant Riley also reports some sole voting and dispositive power for certain ADS he directly controls.