Denison Mines announces $250 million convertible notes offering
GCL Global Holdings Ltd (NASDAQ:GCL), through its wholly owned subsidiary Epicsoft Asia Pte. Ltd., has issued a warrant to Oversea-Chinese Banking Corporation Limited (OCBC) in connection with a financing facility of up to SGD5 million. The warrant grants OCBC the right to purchase up to 899,281 ordinary shares of GCL Global Holdings at an exercise price of $4.17 per share, for a total aggregate exercise price of $3,750,000.
According to a press release statement filed with the U.S. Securities and Exchange Commission, proceeds from the exercise of the warrant will first be applied to repay any outstanding principal, interest, and other amounts under the facility agreement. Any remaining funds, if applicable, will be used for the working capital of Epicsoft Asia.
The warrant was issued under an exemption from registration provided by Section 4(a)(2) of the Securities Act of 1933. GCL Global Holdings has agreed to file a registration statement for the public resale of all warrant shares within six months from the date of the warrant, which was issued on Monday.
The facility agreement between Epicsoft Asia and OCBC was originally dated October 1, 2024, and supplemented on March 12, 2025. The company’s principal executive offices are located in Singapore.
This information is based on a press release statement included in a recent SEC filing.
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