Carey Olsen advises GCL Global Limited on US$1.2 billion merger with RF Acquisition Corp.

凯瑞奥信代表GCL Global Limited为其与 RF Acquisition Corp. 价值为 12 亿美元的合并交易（de-SPAC）提供开曼法律服务

Carey Olsen's corporate team in Singapore has acted as Cayman legal counsel to GCL Global Limited ("GCL"), one of Asia's leading video game distributers and publishers, on its US$1.2 billion business combination agreement with publicly traded special purpose acquisition company RF Acquisition Corp.

凯瑞奥信 (Carey Olsen) 新加坡办公室公司业务团队担任亚洲领先电子游戏经销商和出版商之一的GCL Global Limited（以下简称“GCL”）的开曼群岛法律顾问，就其与特殊目的收购上市公司 RF Acquisition Corp. 之间价值 12 亿美元的业务合并交易（de-SPAC）提供全程开曼法律服务。

As a result of this merger, both companies have become wholly-owned subsidiaries of GCL Global Holdings Ltd. On 14 February 2025, the combined company's ordinary shares began trading on the Nasdaq Global Select Market under the ticker symbol 'GCL' and its warrants on the Nasdaq Capital Market under 'GCLWW'.

GCL intends to use proceeds from the business combination to accelerate its game publishing and IP management business, increase its access to U.S. public equity markets, and extend its marketing reach with AAA/AA PC game titles.

The Carey Olsen team advising GCL on all Cayman aspects of the transaction was led by counsel Susan McKinstray and partner Anthony McKenzie, and included counsel Maggie Yan, with Loeb & Loeb LLP acting as US counsel. .

Counsel Susan McKinstray commented: "It is gratifying to have played in a key part in this business combination agreement, which has enabled GCL to reach a significant milestone as the only full-suite gaming group in Asia. We look forward to observing GCL's future growth as it extends its success within the Asian gaming space to a global audience."

Partner Anthony McKenzie added: "We are pleased to have advised GCL on this transaction, a landmark achievement which will open up new opportunities for investment, game development, and expansion into U.S. and European markets. This deal has showcased the ability of our team in Singapore to act for major players in the Asian entertainment industry on high-profile international transactions."

两家公司经合并后共同成为 GCL Global Holdings Ltd. 的全资子公司。从 2025 年 2 月 14 日开始，合并公司的普通股可以在纳斯达克全球精选市场交易，股票代码为“GCL”，同时其认股权证可以在纳斯达克资本市场交易，股票代码为“GCLWW”。

GCL 计划利用此次业务合并的收益来加快推进其游戏出版和知识产权管理业务，增加其进入美国公开股权市场的机会，并通过 AAA 级/AA 级 PC 游戏扩张到其它市场。

此次交易由凯瑞奥信新加坡资深高级律师麦舒珊 (Susan McKinstray) 和新加坡管理合伙人麦安腾 (Anthony McKenzie) 牵头，主要团队成员包括资深高级律师严弘 (Maggie Yan)，就有关开曼群岛的所有法律事务为 GCL 提供服务和意见，项目美国律师由Loeb & Loeb LLP担任。