SINGAPORE, March 23, 2026 (GLOBE NEWSWIRE) — GCL International Holdings Ltd (Nasdaq: GCL) (“GCL” or the “Company”), a number one supplier of video games and leisure, nowadays introduced that it has won a written understand (the “Notice”), dated March 17, 2026, from the Checklist {Qualifications} Division of The Nasdaq Inventory Marketplace LLC (“Nasdaq”) indicating that, for the ultimate thirty (30) consecutive industry days (February 2, 2026 to March 16, 2026), the bid value for the Corporate’s extraordinary stocks had closed beneath the minimal $1.00 in line with proportion requirement for persevered list at the Nasdaq underneath Nasdaq Checklist Rule 5450(a)(1) (the “Minimum Bid Price Rule”).
Based on Nasdaq Checklist Rule 5810(c)(3)(A), the Corporate has been supplied an preliminary duration of 180 calendar days, or till September 14, 2026, to regain compliance (the “Compliance Period”). Pursuant to the Realize, if at any time throughout the Compliance Length the final bid value of the Corporate’s extraordinary stocks is no less than $1.00 for at least ten consecutive industry days, Nasdaq will give you the Corporate with written affirmation of compliance and such subject will probably be closed. If the Corporate fails to regain compliance with the Minimal Bid Value Rule throughout the Compliance Length, the Corporate would possibly believe making use of to switch its securities from The Nasdaq International Make a selection Marketplace to The Nasdaq Capital Marketplace, only if the Corporate meets the appropriate marketplace price of publicly held stocks required for persevered list and all different appropriate necessities for preliminary list on The Nasdaq Capital Marketplace (with the exception of for the bid value requirement). Such switch would give you the Corporate with an extra 180 calendar days, or till March 15, 2027, to regain compliance. There may also be no assurance that the Corporate can be eligible for the extra 180 calendar day compliance duration, if appropriate, or that the Nasdaq team of workers would grant the Corporate’s request for persevered list.
The Realize has no speedy impact at the list or buying and selling of the Corporate’s extraordinary stocks. The Corporate intends to watch the bid value of its extraordinary stocks and believe to be had choices to regain compliance with the Minimal Bid Value Rule.
About GCL International Holdings
GCL International Holdings Ltd. (“GCL”) is a protecting corporate integrated within the Cayman Islands (GCL in conjunction with its subsidiaries, the “GCL Group”). Thru its running subsidiaries, GCL Staff unites other folks via its ecosystem of content material and {hardware} in video games and leisure, enabling creators to ship attractive reports to gaming communities international with a strategic center of attention at the swiftly increasing Asian gaming marketplace.
Drawing on a deep working out of gaming tendencies and marketplace dynamics, GCL Staff leverages its numerous portfolio of virtual and bodily content material in addition to multimedia peripherals to bridge cultures and succeed in a world target market through introducing Asian-developed IP throughout consoles, PCs, and streaming platforms. Be told extra at https://www.gclglobalholdings.com/
Ahead-Taking a look Statements
This press free up accommodates forward-looking statements. All statements as opposed to statements of ancient truth are forward-looking statements, which might be regularly indicated through phrases similar to “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “estimate,” “believe,” “predict,” “potential” or “continue,” amongst others, statements referring to our compliance with the Minimal Bid Value Rule and list or buying and selling of our extraordinary stocks. Ahead-looking statements seem in quite a lot of puts during this press free up and would possibly come with statements referring to our intentions, ideals, projections, outlook, analyses, present expectancies and the hazards, uncertainties and different components described underneath the headings, “Risk factors” and “Cautionary statement regarding forward looking statements,” in our periodic filings with the U.S. Securities and Alternate Fee. Those statements talk best as of the date of this press free up and contain recognized and unknown dangers, uncertainties and different necessary components that can reason our precise effects, efficiency or achievements to be materially other from any long term effects, efficiency or achievements expressed or implied through the forward-looking statements. Given those dangers, uncertainties and different components, you must now not position undue reliance on those forward-looking statements, and we think no legal responsibility to replace those forward-looking statements, despite the fact that new knowledge turns into to be had one day, with the exception of as required through regulation.
GCL Investor Members of the family:
