DoubleDown announces pricing of 4.3M ADSs at $8.50 in secondary offering

DoubleDown (DDI) Interactive announced the pricing of an underwritten secondary offering of 4,347,827 American Depositary Shares, each ADS representing 0.05 common share of the Company, at a public offering price of $8.50 per ADS by STIC Special Situation Diamond Limited. The Selling Shareholder has granted the underwriters a 30-day option to purchase up to 652,173 additional ADSs at the public offering price, less underwriting discounts and commissions. The offering consists entirely of the ADSs to be sold by the Selling Shareholder and will not change the number of Common Shares that are outstanding. The Company will not receive any proceeds from the sale of the ADSs by the Selling Shareholder. The offering is expected to close on or about June 13, 2025, subject to the satisfaction of customary closing conditions. Roth Capital Partners is acting as Lead Bookrunning Manager and Texas Capital Securities is acting as Co-Bookrunning Manager for the offering.