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, in the present day introduced that it has obtained a written discover (the “Notice”), dated March 17, 2026, from the Itemizing {Qualifications} Division of The Nasdaq Inventory Market LLC (“Nasdaq”) indicating that, for the final thirty (30) consecutive enterprise days (February 2, 2026 to March 16, 2026), the bid worth for the Firm’s strange shares had closed under the minimal $1.00 per share requirement for continued itemizing on the Nasdaq underneath Nasdaq Itemizing Rule 5450(a)(1) (the “Minimum Bid Price Rule”).
In accordance with Nasdaq Itemizing Rule 5810(c)(3)(A), the Firm has been offered an preliminary interval of 180 calendar days, or till September 14, 2026, to regain compliance (the “Compliance Period”). Pursuant to the Discover, if at any time through the Compliance Interval the closing bid worth of the Firm’s strange shares is a minimum of $1.00 for no less than ten consecutive enterprise days, Nasdaq will present the Firm with written affirmation of compliance and such matter shall be closed. If the Firm fails to regain compliance with the Minimal Bid Worth Rule through the Compliance Interval, the Firm could take into account making use of to switch its securities from The Nasdaq International Choose Market to The Nasdaq Capital Market, offered that the Firm meets the relevant market worth of publicly held shares required for continued itemizing and all different relevant necessities for preliminary itemizing on The Nasdaq Capital Market (apart from the bid worth requirement). Such switch would offer the Firm with an extra 180 calendar days, or till March 15, 2027, to regain compliance. There could be no assurance that the Firm can be eligible for the extra 180 calendar day compliance interval, if relevant, or that the Nasdaq workers would grant the Firm’s request for continued itemizing.
The Discover has no quick impact on the itemizing or buying and selling of the Firm’s strange shares. The Firm intends to observe the bid worth of its strange shares and take into account obtainable choices to regain compliance with the Minimal Bid Worth Rule.
About GCL International Holdings
GCL International Holdings Ltd. (“GCL”) is a holding firm integrated within the Cayman Islands (GCL along with its subsidiaries, the “GCL Group”). Via its working subsidiaries, GCL Group unites folks by means of its ecosystem of content material and {hardware} in video games and leisure, enabling creators to ship participating experiences to gaming communities worldwide with a strategic concentrate on the quickly increasing Asian gaming market.
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Drawing on a deep understanding of gaming tendencies and market dynamics, GCL Group leverages its various portfolio of digital and bodily content material in addition to multimedia peripherals to bridge cultures and attain a world viewers by introducing Asian-developed IP throughout consoles, PCs, and streaming platforms. Study extra at https://www.gclglobalholdings.com/
Ahead-Trying Statements
This press launch accommodates forward-looking statements. All statements aside from statements of historic reality are forward-looking statements, which are sometimes indicated by phrases corresponding to “may,” “will,” “should,” “expect,” “plan,” “anticipate,” “could,” “intend,” “target,” “project,” “estimate,” “believe,” “predict,” “potential” or “continue,” amongst others, statements relating to our compliance with the Minimal Bid Worth Rule and itemizing or buying and selling of our strange shares. Ahead-looking statements seem in numerous locations all through this press launch and will embrace statements relating to our intentions, beliefs, projections, outlook, analyses, present expectations and the dangers, uncertainties and different elements described underneath the headings, “Risk factors” and “Cautionary statement regarding forward looking statements,” in our periodic filings with the U.S. Securities and Trade Fee. These statements converse solely as of the date of this press launch and contain recognized and unknown dangers, uncertainties and different vital elements which will trigger our precise outcomes, efficiency or achievements to be materially completely different from any future outcomes, efficiency or achievements expressed or implied by the forward-looking statements. Given these dangers, uncertainties and different elements, you shouldn’t place undue reliance on these forward-looking statements, and we assume no obligation to replace these forward-looking statements, even when new info turns into obtainable sooner or later, besides as required by regulation.
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