144: Filer Information
Filer CIK | 0001815573 |
Filer CCC | XXXXXXXX |
Is this a LIVE or TEST Filing? | LIVE TEST |
Submission Contact Information | |
Name | |
Phone | |
E-Mail Address |
Form 144 Filer Information |
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 144
NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 | |
FORM 144 |
Filer CIK | 0001815573 |
Filer CCC | XXXXXXXX |
Is this a LIVE or TEST Filing? | LIVE TEST |
Submission Contact Information | |
Name | |
Phone | |
E-Mail Address |
Name of Issuer | DoubleDown Interactive Co., Ltd. |
SEC File Number | 001-39349 |
Address of Issuer | 13F, GANGNAM FINANCE CENTER 152, TEHERAN-RO GANGNAM-GU SEOUL KOREA, REPUBLIC OF 06236 |
Phone | 822-501-7216 |
Name of Person for Whose Account the Securities are To Be Sold | STIC Special Situation Diamond Ltd. |
See the definition of "person" in paragraph (a) of Rule 144. Information is to be given not only as to the person for whose account
the securities are to be sold but also as to all other persons included in that definition. In addition, information shall be given
as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales
for the account of the person filing this notice.
| |
Relationship to Issuer | Owner |
Relationship to Issuer | 10% Shareholder |
Title of the Class of Securities To Be Sold | Name and Address of the Broker | Number of Shares or Other Units To Be Sold | Aggregate Market Value | Number of Shares or Other Units Outstanding | Approximate Date of Sale | Name the Securities Exchange |
---|---|---|---|---|---|---|
Common Shares, Par value KRW10,000 per share(1) | B. Riley Securities, Inc. 11100 Santa Monica Blvd. Suite 800 Los Angeles CA 90025 | 24775 | 6292850.00 | 2477672 | 07/08/2024 | NASDAQ |
Title of the Class | Date you Acquired | Nature of Acquisition Transaction | Name of Person from Whom Acquired | Is this a Gift? | Date Donor Acquired | Amount of Securities Acquired | Date of Payment | Nature of Payment * |
---|---|---|---|---|---|---|---|---|
Common Shares, Par value KRW10,000 per share(2) | 05/25/2020 | 2.5% Convertible Bonds converted to Common Shares(2) | Issuer: DoubleDown Interactive Co., Ltd. | 24775 | 05/26/2017 | Cash(2) |
Nothing to Report |
Remarks | (1) Up to 495,500 American Depositary Shares ("ADSs"), each representing 0.05 share of a common share for an aggregate of 24,775 common shares, are expected to be sold. "Number of Shares Outstanding" is based on common shares outstanding as of March 31, 2024. "Aggregate Market Value" calculated on the closing price of ADSs on July 3, 2024, which was $12.70. The ADSs are expected to be sold between July 8, 2024 and October 6, 2024.
(2) On May 26, 2017, STIC Special Situation Diamond Ltd. purchased the Issuer's 2.5% Convertible Bonds (the "Bonds") in cash. The Bonds converted into common shares at a conversion price of KRW293,600 per common share for a total of 715,258 common shares in May and June of 2020. |
Date of Notice | 07/05/2024 |
ATTENTION: | |
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed. If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date. | |
Signature | /s/ Jin Ho Chai, Director of STIC Special Situation Diamond Ltd. |
ATTENTION: Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001) |