GCL Commences Nasdaq Trading Post-Business Combination with RF Acquisition Corp
Deal News | Feb 16, 2025 | Globenewswire
GCL Global Limited, a prominent Asian provider of games and entertainment, successfully finalized its business merger with RF Acquisition Corp, a special purpose acquisition company, on February 13, 2025. Following the merger, GCL Global Holdings Ltd, the new holding entity, will see its ordinary shares listed on the Nasdaq Global Select Market under 'GCL', and its warrants on the Nasdaq Capital Market under 'GCLWW', starting February 14, 2025. This strategic move aims to bolster GCL's presence in the gaming industry by enhancing its investment in technology and expanding into high-margin segments. Celebrating the business evolution, GCL plans a Nasdaq closing bell ceremony on February 14, 2025. Legal and financial advisories for the transaction were rendered by Loeb & Loeb LLP, Winston & Strawn LLP, Early Bird Capital, and AMGM.
Sectors
- Gaming
- Finance and Investment
Geography
- Singapore – Both GCL Global Ltd and RF Acquisition Corp are based in Singapore.
Industry
- Gaming – GCL Global Ltd is a leading provider of games and entertainment content, making the gaming industry central to the article.
- Finance and Investment – The business combination involves RF Acquisition Corp, a special purpose acquisition company (SPAC), indicating relevance to finance and investment sectors.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| GCL Global Limited | Target company | Company | GCL Global Limited is a leading provider of games and entertainment content based in Asia. |
| RF Acquisition Corp | Bidding company | Company | RF Acquisition Corp is a special purpose acquisition company incorporated as a Delaware corporation aiming to merge with targeted businesses. |
| GCL Global Holdings Ltd | Combined Company | Company | The combined entity resulting from the merger of GCL Global Limited and RF Acquisition Corp. |
| Loeb & Loeb LLP | Legal advisor to GCL | Company | Provided legal counsel to GCL and the Combined Company for the transaction. |
| Winston & Strawn LLP | Legal advisor to RF Acquisition Corp | Company | Served as legal counsel to RF Acquisition Corp in the business combination. |
| Early Bird Capital | Financial Advisor | Company | Acted as a financial advisor to RF Acquisition Corp. |
| AMGM | Advisor | Company | Served as an advisor to GCL. |