DoubleDown Interactive Files for Resale of 4.2M ADSs by Selling Shareholder
Prospectus Filing: DoubleDown Interactive filed a prospectus for the resale of up to 4.21 million American Depositary Shares (ADS) by STIC Special Situation Diamond Limited, representing 210,632.75 common shares.
No Proceeds for DoubleDown: DoubleDown Interactive is not selling any shares in this offering and will not receive any proceeds from the sale.
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DoubleDown Prices 2.33M ADS Secondary Offering at $8 Each
- Offering Size: DoubleDown Interactive announced a secondary offering of 2,330,468 American Depositary Shares (ADSs) priced at $8 each, entirely sold by STIC Special Situation Diamond Limited, with the offering expected to close around December 18, 2025, although the company will not receive any proceeds from this sale.
- Market Impact: This offering will not alter the number of outstanding common shares, indicating a cautious capital management strategy by the company in the current market environment, aimed at preserving shareholder value.
- Underwriter Role: Roth Capital Partners is acting as the Lead Bookrunning Manager, while Texas Capital Securities serves as Co-Bookrunning Manager, demonstrating professional support for the offering that may enhance investor confidence in the company's future prospects.
- Compliance Statement: The offering is conducted under a shelf registration statement on Form F-3 filed on September 19, 2025, ensuring compliance with securities laws, reflecting the company's commitment to regulatory adherence and aiming to reduce legal risks while enhancing transparency.
DoubleDown Interactive Pledges $10,000 to Support Meals on Wheels America®
Donation to Meals on Wheels: DoubleDown Interactive announced a $10,000 donation to Meals on Wheels America to help combat senior hunger and isolation in the U.S.
Play-to-Enter Giveaway: The company will host a play-to-enter giveaway event called "Reels & Wheels" on November 20, 2025, encouraging players to support the charitable cause.
CEO's Commitment: In Keuk Kim, CEO of DoubleDown, emphasized the company's dedication to community support and the importance of providing nourishment and companionship to seniors.
Meals on Wheels Impact: Meals on Wheels America delivers over 251 million meals annually to more than 2 million seniors, highlighting the critical need for their services as many programs face waitlists.
