DoubleDown Interactive Terminates Game Development Agreement
Ticker: DDI · Form: 6-K · Filed: Oct 7, 2024 · CIK: 1799567
| Field | Detail |
|---|---|
| Company | Doubledown Interactive Co., Ltd. (DDI) |
| Form Type | 6-K |
| Filed Date | Oct 7, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: agreement-termination, contract
TL;DR
DDIV terminates game dev deal, watch for new strategy.
AI Summary
On October 4, 2024, DoubleDown Interactive Co., Ltd. entered into a Mutual Termination Agreement to end a prior Game Development Agreement. The company's Chief Financial Officer is Joseph A. Sigrist, located at 605 5th Avenue, Suite 300, Seattle, WA 98104.
Why It Matters
This termination could impact future game development pipelines and associated costs for DoubleDown Interactive.
Risk Assessment
Risk Level: low — The filing is a routine update on a contract termination and does not indicate significant financial distress or operational changes.
Key Players & Entities
- DoubleDown Interactive Co., Ltd. (company) — Registrant
- October 4, 2024 (date) — Date of Mutual Termination Agreement
- Joseph A. Sigrist (person) — Chief Financial Officer
- 605 5th Avenue, Suite 300, Seattle, WA 98104 (address) — Principal executive offices
FAQ
What was the specific nature of the Game Development Agreement being terminated?
The filing does not specify the details of the Game Development Agreement, only that it was mutually terminated.
Were there any financial penalties associated with the termination of the Game Development Agreement?
The filing does not mention any financial penalties or considerations related to the termination.
What is the primary business of DoubleDown Interactive Co., Ltd.?
DoubleDown Interactive Co., Ltd. is involved in services related to computer processing and data preparation, as indicated by its SIC code [7374].
When was this Form 6-K filed?
This Form 6-K was filed on October 7, 2024.
Does DoubleDown Interactive file annual reports under Form 20-F or 40-F?
DoubleDown Interactive files annual reports under Form 20-F.
Filing Stats: 564 words · 2 min read · ~2 pages · Grade level 11.4 · Accepted 2024-10-07 08:06:55
Filing Documents
- d872731d6k.htm (6-K) — 13KB
- d872731dex101.htm (EX-10.1) — 6KB
- d872731dex102.htm (EX-10.2) — 88KB
- 0001193125-24-233368.txt ( ) — 108KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. DOUBLEDOWN INTERACTIVE CO., LTD. Date: October 7, 2024 By: /s/ Joseph A. Sigrist Name: Joseph A. Sigrist Title: Chief Financial Officer