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GCL Global Holdings Ltd received Nasdaq notification on September 16, 2026, granting an additional 180-day compliance…
GCLGCL Global Holdings Ltd
GCL Global Holdings Ltd received Nasdaq notification on September 16, 2026, granting an additional 180-day compliance period until March 15, 2027, to cure a minimum bid price deficiency. The company's ordinary shares will transfer from the Nasdaq Global Select Market to the Nasdaq Capital Market effective September 18, 2026. This extension follows the failure to regain compliance during the initial 180-day period ending September 14, 2026. Nasdaq approved the transfer based on the company meeting market value requirements for the lower tier, excluding the bid price rule. The company intends to cure the deficiency by maintaining a closing bid price of at least $1.00 per share for ten consecutive business days or effecting a reverse stock split if necessary. Failure to comply by March 15, 2027, will result in delisting proceedings. GCL Global Holdings Ltd operates in the gaming and entertainment industry, providing digital content, hardware, and multimedia peripherals focused on Asian intellectual property.