| 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"),
B. Riley Securities, Inc., a Delaware corporation ("BRS"),
BRF Investments, LLC, a Delaware limited liability company ("BRFI"), and
Bryant R. 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:
The principal business address of each of BRF, BRS, BRFI and Bryant R. Riley is:
11100 Santa Monica Blvd. Suite 800
Los Angeles, CA 90025 |
| (c) | Citizenship:
BRF, BRS and BRFI are organized under the laws of the State of Delaware.
Bryant R. 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (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:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| | |
| Item 4. | Ownership |
| (a) | Amount beneficially owned:
As of the date hereof, BRS directly owned 398,417 ADS, which represent 19,920.9 Common Shares. As of the date hereof, BRFI directly owned 3,787,995 ADS, which represent 189,399.8 Common Shares.
As of the date hereof, BRF as the parent company of BRS and BRFI may be deemed to have beneficially own 4,186,412 ADS, which represent 209,320.6 Common Shares.
As of the date hereof, Bryant R. Riley may beneficially own 4,449,711 ADS, which represent 222,485.6 Common Shares, of which (a) 101,385 ADS, which represent 5,069.3 Common Shares, are held jointly by Bryant R. 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) 4,186,412 ADS, which represent 209,320.6 Common Shares, are held directly by BRS and BRFI in the manner specified in the paragraph above. The ADS previously reported as being held by the Robert Antin Children Irrevocable Trust were transferred to a different entity and as such, Bryant R. Riley is no longer deemed to have voting or dispositive power over the ADS. |
| (b) | Percent of class:
As of the date hereof, BRS directly owned 0.8% of the outstanding Common Shares. As of the date hereof, BRFI directly owned 7.6% of the outstanding Common Shares.
As of the date hereof, BRF as the parent company of BRS and BRFI may be deemed to have beneficially owned 8.4% of the outstanding Common Shares directly owned by BRS and BRFI.
As of the date hereof, Bryant R. Riley may beneficially own 9.0% of the outstanding Common Shares, including the Common Shares held directly by BRS and BRFI in the manner specified in the paragraph above.
These percentages are based on a total of 2,477,672 Common Shares outstanding as disclosed in the Issuer's Form 6-K as filed with the Securities and Exchange Commission on November 12, 2024.
The foregoing should not be construed as an admission by any Reporting Person as to beneficial ownership of any Common Shares owned by another Reporting Person. Each of the Reporting Persons disclaims beneficial ownership of the Common Shares that are not directly owned by such Reporting Person, except to the extent of their pecuniary interest therein. |
| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
See cover page Items 5-9.
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| | (ii) Shared power to vote or to direct the vote:
See cover page Items 5-9.
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| | (iii) Sole power to dispose or to direct the disposition of:
See cover page Items 5-9.
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| | (iv) Shared power to dispose or to direct the disposition of:
See cover page Items 5-9.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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Not Applicable
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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Rule 13d-1(c)