Epicsoft Asia Pte. Ltd. Secures SGD5 Million Financing Agreement with OCBC
Epicsoft Asia Pte. Ltd., a wholly-owned subsidiary of GCL Global Holdings Ltd., has entered into a financial agreement with Oversea-Chinese Banking Corporation Limited (OCBC). The agreement involves a financing facility of up to SGD5,000,000, as outlined in the Facility Letter dated October 1, 2024, and supplemented by a letter dated March 12, 2025. In conjunction with the agreement, GCL has issued a warrant to OCBC, allowing the purchase of up to 899,281 ordinary shares of GCL at an exercise price of US$4.17 per share. The proceeds from the warrant exercise are designated to repay amounts outstanding under the facility agreement and, if any remain, to support the working capital of Epicsoft Asia Pte. Ltd. A registration statement for the public resale of the warrant shares is planned to be filed within six months of the warrant's issuance date, July 7, 2025.
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