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GCL Global (RF Acquisition) Priced, Nasdaq: GCL

Blank check company targeting new economy businesses in Southeast Asia (completed 2/13/2025).

Industry: SPAC

Latest Trade: $2.22 +0.09 (+4.3%)

First Day Return: +0.3%

Return from IPO: -78.7%

We are a blank check company incorporated as a Delaware corporation whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While we may pursue an initial business combination target in any business, industry or geographic location, we intend to search globally for target companies within the Southeast Asian new economy sector or elsewhere. Our management team believes that in recent years, a wide range of technological breakthroughs have accelerated cycles of change, radically impacting industries and business models across the world. The transformative effects of innovation as diverse as cloud computing, artificial intelligence, machine learning, data analytics, cybersecurity, and ubiquitous mobile computing have upended industries both large and small. We shall not undertake our initial business combination with any entity with its principal business operations in China (including Hong Kong and Macau).
IPO Data
IPO Date 03/23/2022
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 10.0
Deal Size ($mm) $100
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
Underwriters
EarlyBirdCapital
Company Data
Headquarters Singapore
Founded 2021
Employees at IPO 2

GCL Global (RF Acquisition) (GCL) Performance

Created with Highcharts 10.3.2Chart context menuGCL vs. IPO Index (IPOUSA)May '22Jul '22Sep '22Nov '22Jan '23Mar '23May '23Jul '23Sep '23Nov '23Jan '24Mar '24May '24Jul '24Sep '24Nov '24Jan '25Mar '25-100%-50%0%+ 50%View 5 days5dView 1 month1mView 3 months3mView year to dateYTDView 1 year1yView allAllRenaissance IPO IndexGCLOur ETF tracks the IPO Index