SCHEDULE 13G/A: STIC Entities Disclose 9.8% Stake in DoubleDown Interactive

STIC Special Situation Diamond Ltd., STIC Special Situation Private Equity Fund, and STIC Investments, Inc. have jointly disclosed a beneficial ownership of 9.8% in DoubleDown Interactive Co., Ltd.'s common shares.

Summary

• STIC Special Situation Diamond Ltd., STIC Special Situation Private Equity Fund, and STIC Investments, Inc. collectively reported beneficial ownership of 243,241.40 Common Shares of DoubleDown Interactive Co., Ltd.
• This ownership stake represents 9.8% of the total outstanding Common Shares of DoubleDown Interactive.
• The 243,241.40 Common Shares are represented by 4,864,828 American Depositary Shares (ADSs), with each ADS representing 0.05 of a Common Share.
• The percentage of ownership is calculated based on 2,477,672 Common Shares outstanding as of June 12, 2025, as per the Issuer's prospectus supplement.
• STIC Investments Inc. acts as the general partner of STIC Special Situation Private Equity Fund, which in turn holds a 71.43% equity interest in STIC Special Situation Diamond Ltd., establishing a control relationship among the reporting entities.
• The reporting persons each hold sole voting and sole dispositive power over the beneficially owned shares.

Sentiment

Score: 5

Explanation: The document is a standard beneficial ownership filing (Schedule 13G) and does not contain information that would inherently suggest a positive or negative sentiment. It is a factual disclosure of ownership.

Future Outlook

NA

Management Comments

• The reporting persons certify that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer, nor in connection with any transaction having that purpose or effect, other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

This filing indicates a significant passive investment by a group of Korean investment entities in a publicly traded interactive entertainment company, which is a common occurrence in the global investment landscape as funds seek diversified portfolios.

Stakeholder Impact

• Shareholders: The disclosure of a significant 9.8% stake by a group of investment entities provides transparency regarding the ownership structure, which can influence investor perception and potentially liquidity.

Key Dates

Keywords

DoubleDown Interactive, STIC Special Situation Diamond Ltd., STIC Special Situation Private Equity Fund, STIC Investments Inc., Beneficial Ownership, Schedule 13G, SEC Filing, Common Shares, American Depositary Shares, DDI, NASDAQ