Sec Form 13G Filing - STIC Special Situation Diamond Ltd @ DoubleDown Interactive Co., Ltd.

Sec Form 13G Filing - STIC Special Situation Diamond Ltd filing for DoubleDown Interactive Co., Ltd. (DDI) - 2021-11-01

Insider filing report for Changes in Beneficial Ownership

Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. 1)*

DoubleDown Interactive Co., Ltd.

(Name of Issuer)

Common Shares, par value W10,000 per share

(Title of Class of Securities)

25862B109^**

(CUSIP Number)

October 29, 2021

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed.

☒ Rule 13d-1(b)

☐ Rule 13d-1(c)

☐ Rule 13d-1(d)

*	The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

**	There is no CUSIP number assigned to the Common Shares of the Issuer. CUSIP number 25862B109 has been assigned to the American Depositary Shares (ADSs) of the Issuer, which are listed on The NASDAQ Global Select Market under the symbol DDI. Each ADS represents 0.05 share of a Common Share.

The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

SCHEDULE 13G

CUSIP No. 25862B109

⁽¹⁾	This percentage is based on 2,477,672 common shares outstanding following the Issuers initial public offering according to the Issuers prospectus as filed with the U.S. Securities and Exchange Commission on September 1, 2021.

SCHEDULE 13G

CUSIP No. 25862B109

⁽¹⁾	This percentage is based on 2,477,672 common shares outstanding following the Issuers initial public offering according to the Issuers prospectus as filed with the U.S. Securities and Exchange Commission on September 1, 2021.

SCHEDULE 13G

CUSIP No. 25862B109

Item 1.

(a)

Name of Issuer

DoubleDown Interactive Co., Ltd.

(b)

Address of Issuers principal executive offices

13F, Gangnam Finance Center

152, Teheran-ro Gangnam-gu

Seoul 06236, Republic of Korea

Item 2.

(a)

Name of persons filing

STIC Special Situation Diamond Ltd.

STIC Investments, Inc.

(b)

Address or principal business office or, if none, residence

The principal business office of STIC Special Situation Diamond Ltd. and STIC Investments, Inc. is:

11F MSA Bldg.,

12 Teheran-ro 78-gil, Gangnam-gu

Seoul 06194, Republic of Korea

(c)

Citizenship

STIC Special Situation Diamond Ltd. is a foreign limited liability company organized under the laws of the Republic of Korea.

STIC Investments, Inc. is a foreign corporation incorporated under the laws of the Republic of Korea.

(d)

Title of class of securities

Common Shares, par value W10,000 per share, of the Issuer

(e)

CUSIP No.

There is no CUSIP number assigned to the Common Shares of the Issuer. CUSIP number 25862B109 has been assigned to the American Depositary Shares (ADSs) of the Issuer, which are listed on The NASDAQ Global Select Market under the symbol DDI. Each ADS represents 0.05 share of a Common Share.

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).

(b)	☐	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c)	☐	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d)	☐	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e)	☐	An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

(f)	☐	An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

(g)	☐	A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

(h)	☐	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(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);

(j)	☒	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

(k)	☐	Group, in accordance with §240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.

Ownership.

STIC Special Situation Diamond Ltd.: The information required by Items 4(a)-(c) is set forth in Rows 5-11 of STIC Special Situation Diamond Ltd.s cover page and is incorporated herein by reference.

STIC Investments, Inc.: The information required by Items 4(a)-(c) is set forth in Rows 5-11 of STIC Investments, Inc.s cover page and is incorporated herein by reference.

Item 5.

Ownership of 5 Percent or Less of a Class.

Not applicable.

Item 6.

Ownership of More than 5 Percent on Behalf of Another Person.

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.

Not applicable.

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

Item 9.

Notice of Dissolution of Group.

Not applicable.

Item 10.

Certification.

Each of the Reporting Persons hereby makes the following certification: by signing below such Reporting Person certifies that, to the best of its knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

SIGNATURES

After reasonable inquiry and to the best of the undersigneds knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct.


Dated: November 1, 2021	STIC Special Situation Diamond Ltd.

	By:	/s/ Jin Ho Chai
		Name: Jin Ho Chai
		Title: Director

	STIC Investments, Inc.

	By:	/s/ Dong Guel Kwak
		Name: Dong Guel Kwak
		Title: Representative Director

NAME OF REPORTING PERSONS

  I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)

  STIC Special Situation Diamond Ltd.

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See Instructions)

(a) ☐ (b) ☐

SEC USE ONLY

CITIZENSHIP OR PLACE OF ORGANIZATION

Republic of Korea