GCL Secures USD $2.9 Million Senior Unsecured Convertible Note Financing
GCL Global Holdings (NASDAQ: GCL) has secured a convertible note financing agreement with ATW Partners, featuring an initial $2.9 million senior unsecured convertible note at a purchase price of $2.61 million. The agreement includes a potential facility of up to $45.5 million, with additional notes worth up to $42.6 million available subject to certain conditions.
The notes come with a three-year term and carry a 6% annual interest rate, payable monthly either in cash or company shares. The funds will be allocated for general corporate and working capital purposes, with CEO Sebastian Toke highlighting the financing as a vote of confidence in GCL's strategy and its potential to accelerate growth initiatives and gaming innovations.
GCL Global Holdings (NASDAQ: GCL) ha ottenuto un accordo di finanziamento tramite note convertibili con ATW Partners, che prevede una nota convertibile senior non garantita iniziale di 2,9 milioni di dollari a un prezzo di acquisto di 2,61 milioni di dollari. L'accordo include una possibile linea di credito fino a 45,5 milioni di dollari, con ulteriori note per un valore fino a 42,6 milioni di dollari disponibili al verificarsi di determinate condizioni.
Le note hanno una durata di tre anni e prevedono un tasso di interesse annuo del 6%, pagabile mensilmente in contanti o in azioni della società. I fondi saranno destinati a scopi generali aziendali e al capitale circolante, con il CEO Sebastian Toke che ha sottolineato come questo finanziamento rappresenti un segnale di fiducia nella strategia di GCL e nel suo potenziale di accelerare le iniziative di crescita e le innovazioni nel settore gaming.
GCL Global Holdings (NASDAQ: GCL) ha asegurado un acuerdo de financiamiento mediante notas convertibles con ATW Partners, que incluye una nota convertible senior no garantizada inicial de 2,9 millones de dólares a un precio de compra de 2,61 millones de dólares. El acuerdo contempla una posible línea de hasta 45,5 millones de dólares, con notas adicionales por hasta 42,6 millones de dólares disponibles bajo ciertas condiciones.
Las notas tienen un plazo de tres años y un interés anual del 6%, pagadero mensualmente en efectivo o en acciones de la empresa. Los fondos se destinarán a fines corporativos generales y capital de trabajo, y el CEO Sebastian Toke destacó que este financiamiento es una muestra de confianza en la estrategia de GCL y en su potencial para acelerar iniciativas de crecimiento e innovaciones en el sector de juegos.
GCL Global Holdings (NASDAQ: GCL)는 ATW Partners와 전환사채 금융 계약을 체결했으며, 초기 290만 달러 규모의 선순위 무담보 전환사채를 261만 달러에 매입하는 조건입니다. 이 계약은 최대 4,550만 달러까지의 시설을 포함하며, 특정 조건에 따라 최대 4,260만 달러 상당의 추가 사채도 발행 가능합니다.
사채는 3년 만기이며, 연 6%의 이자율이 적용되어 매월 현금 또는 회사 주식으로 지급됩니다. 자금은 일반 기업 운영 및 운전자본에 사용될 예정이며, CEO Sebastian Toke는 이번 자금 조달이 GCL의 전략에 대한 신뢰의 표시이자 성장 촉진 및 게임 혁신 가속화에 기여할 것이라고 강조했습니다.
GCL Global Holdings (NASDAQ : GCL) a conclu un accord de financement par billets convertibles avec ATW Partners, comprenant une première note convertible senior non garantie de 2,9 millions de dollars à un prix d'achat de 2,61 millions de dollars. L'accord prévoit une facilité potentielle pouvant atteindre 45,5 millions de dollars, avec des notes supplémentaires d'une valeur maximale de 42,6 millions de dollars disponibles sous certaines conditions.
Les notes ont une durée de trois ans et portent un taux d'intérêt annuel de 6%, payable mensuellement en espèces ou en actions de la société. Les fonds seront affectés à des fins générales d'entreprise et de fonds de roulement, le PDG Sebastian Toke soulignant que ce financement témoigne de la confiance dans la stratégie de GCL et son potentiel à accélérer les initiatives de croissance et les innovations dans le domaine du jeu.
GCL Global Holdings (NASDAQ: GCL) hat eine Finanzierung durch wandelbare Schuldverschreibungen mit ATW Partners gesichert, die eine anfängliche 2,9 Millionen US-Dollar umfassende unbesicherte Senior-Wandelanleihe zu einem Kaufpreis von 2,61 Millionen US-Dollar beinhaltet. Die Vereinbarung sieht eine mögliche Kreditfazilität von bis zu 45,5 Millionen US-Dollar vor, wobei zusätzliche Schuldverschreibungen im Wert von bis zu 42,6 Millionen US-Dollar unter bestimmten Bedingungen verfügbar sind.
Die Schuldverschreibungen haben eine Laufzeit von drei Jahren und einen jährlichen Zinssatz von 6%, zahlbar monatlich entweder in bar oder in Unternehmensaktien. Die Mittel werden für allgemeine Unternehmenszwecke und Betriebskapital verwendet, wobei CEO Sebastian Toke die Finanzierung als Vertrauensbeweis in die Strategie von GCL und dessen Potenzial zur Beschleunigung von Wachstumsinitiativen und Innovationen im Gaming-Bereich hervorhob.
- Secured up to $45.5 million in potential financing facility
- Initial $2.9 million funding secured at closing
- Flexible interest payment options (cash or shares)
- Capital available for growth initiatives and gaming innovations
- 6% annual interest rate adds to debt servicing costs
- Potential dilution if interest is paid in shares
- Initial note issued at a discount ($2.61M for $2.9M note)
SINGAPORE, May 22, 2025 (GLOBE NEWSWIRE) -- GCL Global Holdings Ltd (NASDAQ: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment, today announced that it has entered into a securities purchase agreement (the “SPA”) with ATW Partners (the “Investor”) for the issuance of senior unsecured convertible notes, through a facility of up to
Pursuant to the SPA, the Company will issue an initial note in the aggregate original principal amount of
“Securing this financing is a strong vote of confidence in GCL’s strategy and future,” said Sebastian Toke, Group CEO of GCL. “This financing will provide us the capital to accelerate our strategic growth initiatives and invest in additional gaming innovations. Importantly, it will allow us to scale our operations without compromising our long-term financial health.”
About GCL Global Holdings Ltd
GCL Global Holdings Ltd. unites people through immersive games and entertainment experiences, enabling creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market.
Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs, and streaming platforms.
Learn more at http://www.gclglobalholdings.com.
Forward-Looking Statements
This press release includes “forward-looking statements” made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995, and may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements may also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated implied enterprise value of the Company, GCL’s ability to scale and grow its business, the advantages and expected growth of the Company, and the Company’s ability to source and retain talent. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of GCL’s management and are not predictions of actual performance.
These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although GCL believes that it has a reasonable basis for each forward-looking statement contained in this press release, GCL cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in the proxy statement/prospectus included in the Registration Statement relating to the recent business combination, filed by the Company with the SEC on December 31, 2024 and other documents which will be filed by the Company from time to time with the SEC. These filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. GCL cannot assure you that the forward-looking statements in this press release will prove to be accurate. There may be additional risks that GCL presently knows or that GCL currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. The forward-looking statements in this press release represent the views of GCL as of the date of this press release. Subsequent events and developments may cause those views to change. However, while GCL may update these forward-looking statements in the future, there is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking statements as representing the views of GCL as of any date subsequent to the date of this press release. Except as may be required by law, GCL does not undertake any duty to update these forward-looking statements.
GCL Investor Relations:
Crocker Coulson
crocker.coulson@aummedia.org
(646) 652-7185
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