Singapore-headquartered GCL Global Holdings has emerged as a top gainer on NASDAQ following the successful completion of its merger with SPAC firm RF Acquisition.
The company, which is also the parent holding group of a few other Singaporean companies including YouTuber Jianhao Tan’s Titan Digital Media, saw its shares skyrocket 145.97% to US$7.50 today (February 19) amid strong market momentum.
This surge comes shortly after GCL Global Holdings released its latest financials, reporting a narrower net loss for the first half of the 2025 fiscal year, driven by higher revenues from console games and game code sales.
For the six-month period to September 30, 2024, GCL Global Holdings reported a net loss of US$512,287 (US$0.02 per share)—a significant improvement from the US$1.530 million loss (US$0.06 per share) recorded in the same period last year.
GCL Global Holdings produces and distributes video games across seven countries, and has forged more than 15 multi-year deals with big-name publishers such as TAKE-TWO, CD Projekt Red, Warner Bros. Games, SEGA, and Bandai Namco.
The group is responsible for bringing some award-winning favourites to Singapore, including Hogwarts Legacy, Grand Theft Auto V, Red Dead Redemption II, Cyberpunk 2077, The Witcher 3: Wild Hunt, and Elden Ring.
Most recently, the company has announced the acquisition of 20% equity interests of video game developer NEKCOM Inc., along with the global publishing rights of the latter’s upcoming game, Showa American Story.
As a Singaporean company listed in the US, GCL Global Holdings is one to watch, joining other prominent Singaporean firms, including Grab, MoneyHero Group and Ryde, in the global market spotlight.
Grab and MoneyHero Group began trading on NASDAQ after completing SPAC deals—Grab in 2021 and MoneyHero Group in 2023—while RYDE made its debut on the NYSE last year.
- Read other articles we’ve written on Singaporean businesses here.
Featured Image Credit: Titan Digital Media via Facebook
