Corporate ActionApr 29, 2026, 09:03 AM
GCL Issues Warrants for 1.125M Shares at $8.00 Exercise Price
AI Summary
GCL Global Holdings Ltd. has issued new warrants to purchase 1,125,000 Ordinary Shares at an exercise price of $8.00 per share. These warrants were issued on an Exchange Date in April 2026, replacing original issue discount senior convertible debentures. The terms include provisions for cash or cashless exercise, limitations on beneficial ownership (initially 4.99%), and adjustments to the exercise price and number of warrant shares based on corporate actions like share dividends, splits, and dilutive issuances.
Key Highlights
- Warrants issued for 1,125,000 Ordinary Shares.
- Exercise Price set at $8.00 per Ordinary Share.
- Warrants issued in exchange for original issue discount senior convertible debentures.
- Beneficial ownership limited to 4.99%, adjustable up to 9.99%.
- Company must reserve 100% of maximum necessary Ordinary Shares for warrant exercise.
- Warrant Issuance Date: May 21, 2025; Exchange Date: April 2026.
Price Impact
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