UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of June, 2025
Commission File Number 001-39349
DoubleDown Interactive Co., Ltd.
(Translation of registrants name into English)
Joseph A. Sigrist, Chief Financial Officer
c/o DoubleDown Interactive, LLC
605 5th Avenue, Suite 200
Seattle, WA 98104
+1-206-408-4545
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
☒ Form 20-F ☐ Form 40-F
INFORMATION CONTAINED IN THIS FORM 6-K REPORT
Entry into a Material Definitive Agreement
On June 12, 2025, DoubleDown Interactive Co., Ltd. (the Company) entered into an Underwriting Agreement (the Underwriting Agreement) with STIC Special Situation Diamond Limited, as selling stockholder (the Selling Stockholder), and Roth Capital Partners, LLC., as representative of the underwriters named in Schedule 1 thereto (the Underwriters), relating to the offering by the Selling Stockholder (the Offering) of 4,347,827 American Depositary Shares (the ADSs), representing 217,391.35 common shares, par value of W10,000 per share (Common Shares), of the Company, at a price to the public of $8.50 per ADS (the Offering Price), before underwriting discounts and commissions. Each ADS represents 0.05 Common Share. The Offering consists entirely of the ADSs to be sold by the Selling Stockholder and will not change the number of Common Shares that are outstanding. The Company currently has 2,477,672 Common Shares outstanding. The Offering is expected to close on or about June 13, 2025, subject to the satisfaction of customary closing conditions. The Selling Stockholder has also granted the Underwriters a 30-day option to purchase up to an additional 652,173 ADSs (representing 32,608.65 Common Shares) at the Offering Price, less underwriter discounts and commissions. The Company will not receive any proceeds from the sale of the ADSs by the Selling Stockholder.
The Offering is being made pursuant to the Companys Registration Statement (the Registration Statement) on Form F-3 (File No. 333-267422), that was filed with the Securities and Exchange Commission on September 14, 2022 and became effective on September 27, 2022. The Underwriters expect to deliver the ADSs to purchasers on or about June 13, 2025.
The foregoing description of the Underwriting Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Underwriting Agreement, which is filed herewith as Exhibit 1.1 hereto and incorporated herein by reference.
Issuance of Press Release
On June 12, 2025, the Company issued a press release announcing the pricing of the Offering. Copy of such press release is attached hereto as Exhibit 99.1.
Forward-Looking Statements
Matters discussed in this report may constitute forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts. The words believe, anticipate, intends, estimate, potential, may, should, expect, pending and similar expressions identify forward-looking statements. The forward-looking statements in this report, including those related to the Offering, are based upon various assumptions, including without limitation, that the Offering will be consummated. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations.
This Report, except for Exhibit 99.1, is hereby incorporated by reference into the Companys Registration Statement, to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently filed or furnished.
The press release furnished in this report as Exhibit 99.1 shall not be deemed to be filed for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the Exchange Act), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, including the Companys Registration Statement, except to the extent specifically provided in such filing.
EXHIBIT INDEX
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
DOUBLEDOWN INTERACTIVE CO., LTD. | ||||||
Date: June 12, 2025 | By: | /s/ Joseph A. Sigrist | ||||
Name: Joseph A. Sigrist | ||||||
Title: Chief Financial Officer |