GCL Global Holdings Ltd Stock Price, News & Analysis

GCL Global Holdings Ltd (NASDAQ: GCL) announced the successful closure of its voluntary unconditional cash offer for Ban Leong Technologies Limited through its indirect subsidiary, Epicsoft Asia Pte. Ltd. The Offeror has secured 96.59% ownership (104,122,998 shares) of Ban Leong's total issued shares.

Notable acceptances include 28.13% of shares from Ban Leong's Managing Director Mr. Teng Woo Boon Ronald and his wife. As public float has fallen below the required 10%, Ban Leong will be suspended from trading on the Singapore Stock Exchange. The Offeror plans to proceed with compulsory acquisition of remaining shares and subsequent delisting from SGX-ST.

GCL Global Holdings Ltd announced that its indirect subsidiary, Epicsoft Asia Pte. Ltd., has secured over 90% ownership of Ban Leong Technologies Limited, controlling approximately 92.92% (100,167,499 shares) of the total issued shares. Following this achievement, Epicsoft will exercise its right of compulsory acquisition for remaining shares and proceed with delisting Ban Leong from the Singapore Stock Exchange. The acquisition, outlined in the May 21, 2025 Offer Document, aims to create synergies through operational efficiencies and scale economies. The strategic integration plans include leveraging Ban Leong's industry relationships, exploring B2C sales opportunities in gaming peripherals, and potentially introducing branded gaming devices pre-installed with GCL titles. The companies will also evaluate how Ban Leong's Asian distribution infrastructure can support GCL's gaming portfolio commercialization.

GCL Global Holdings Ltd. (NASDAQ: GCL), a games and entertainment provider, has announced its participation in Webull's upcoming Tech Week Corporate Webinar Series. The virtual event will feature Group CEO Sebastian Toke and is scheduled for June 20, 2025, from 2:00 PM to 3:00 PM Eastern time. The presentation will include a Q&A session, offering investors and interested parties an opportunity to engage directly with the company's leadership.

GCL Global Holdings Ltd. (NASDAQ: GCL) announced that its subsidiary Epicsoft Asia's offer to acquire Ban Leong Technologies Limited (SGX: B26) has become unconditional in all respects. The Offeror and parties acting in concert now control approximately 50.90% of Ban Leong's total shares as of May 27, 2025.

The offer price is set at S$0.6029 per share. If the Offeror reaches 90% ownership, it can compulsorily acquire remaining shares and proceed with delisting Ban Leong from the Singapore Exchange. Shareholders can accept the offer until 5:30 p.m. (Singapore time) on July 2, 2025.

GCL Global Holdings (NASDAQ: GCL), a games and entertainment provider, has announced its participation in Maxim Group's 2025 Virtual Tech Conference: Discover the Innovations Reshaping Tomorrow. The company's Group CEO, Sebastian Toke, will participate in a fireside chat on June 4, 2025, from 9:00-9:30 a.m. EDT on Track 1. The conference will be held virtually, and interested participants can contact their Maxim Group salesperson for access details.

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) has launched "JDM: Japanese Drift Master", a new racing game developed by Gaming Factory and published by GCL's subsidiary 4Divinity. The game is now available on Steam, GOG, and Epic Games Store for $34.99, with a 15% launch discount for the first two weeks.

The game features an open world set in fictional Guntama, Japan, with officially licensed cars from Honda, Mazda, Nissan, and Subaru. Players can experience a manga-style story mode, comprehensive tuning systems, and various driving events. CEO Sebastian Toke highlighted the game's potential for strong community retention and announced plans for post-launch content including new cars and feature updates.

GCL Global Holdings has announced a voluntary conditional cash offer to acquire Ban Leong Technologies at S$0.6029 per share through its subsidiary Epicsoft Asia. The offer represents a premium of 60.8% over Ban Leong's last trading price.

Ban Leong, a leading Singapore-based distributor of computer hardware and IT accessories, brings 30+ years of experience and partnerships with over 50 major brands including Razer, Nvidia, and Samsung. The acquisition aims to:

• Expand GCL's gaming hardware offerings
• Introduce branded gaming laptops pre-installed with GCL games
• Leverage Ban Leong's Asian distribution network
• Capitalize on rising demand for gaming and AI chipsets

The transaction, financed through HSBC and cash reserves, is expected to positively impact GCL's adjusted EBITDA. Ban Leong's key shareholders, holding 28.13% of shares, have provided irrevocable undertakings to accept the offer.

GCL Global Holdings (NASDAQ: GCL) has announced the launch of 'Mandragora: Whispers of the Witch Tree', a dark fantasy RPG developed by Primal Game Studio. The game is being published in Asia by Knights Peak Interactive and distributed by GCL's subsidiary, 4Divinity.

The game features over 40 hours of gameplay, six character classes, and extensive skill customization. Set in Faelduum, players take on the role of an Inquisitor in a world where magic is forbidden. The game combines Soulslike combat with non-linear exploration and features a branching storyline written by Brian Mitsoda, complemented by an original soundtrack performed by the FILMharmonic Orchestra of Prague.

Currently available on PC, PlayStation 5 (outside Asia), and Xbox Series X|S, 4Divinity plans to release PlayStation 5 and Nintendo Switch versions in Asia during Q3 2025. The game offers both Standard and Deluxe Editions, with the latter including additional digital content.