GCL Global Holdings Ltd (GCL) Form 424B3 — Jun 10, 2026
GCL Global Holdings Ltd filed a prospectus supplement registering 625,000 ordinary shares for resale by Teng Woo Boon, the Managing Director of its subsidiary Ban Leong Technologies. The company will not receive any proceeds from this sale, as the shares were previously issued to Teng in a private placement at $4.00 per share, significantly above the current market price of $0.42. The filing highlights significant listing risks, disclosing that GCL is currently non-compliant with Nasdaq’s minimum $1.00 bid price requirement. The company has until September 14, 2026, to regain compliance or face potential delisting from the Nasdaq Global Select Market.
Key figures
- Offering Price
- 4
- Shares Offered
- 625000
- Shares Outstanding
- 130135432
- Current Share Price
- 0.42
- Registration Costs
- 50000
- Current Warrant Price
- 0.03
- Warrant Exercise Price
- 11.5
- Private Placement Price
- 4
- April2026 Warrant Shares
- 1125000
- April2026 Warrant Exercise Price
- 8
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