Loeb Represents GCL, an Asia Powerhouse in Games and Entertainment, in the Completion of Its $1.2 Billion Business Combination with RF Acquisition

Loeb is pleased to have represented GCL Global Limited (GCL) in the completion of its $1.2 billion business combination with RF Acquisition Corp., a publicly traded special purpose acquisition company. GCL, together with its subsidiaries (GCL Group), enable games and online entertainment creators to deliver engaging content and fun gameplay experiences to gaming communities worldwide, with a strategic focus on the rapidly expanding Asian gaming market. Drawing on a deep understanding of gaming trends and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content to bridge cultures and audiences by introducing Asian-developed IP to a global audience across consoles, PCs and streaming platforms.

Following the business combination, each of GCL and RF Acquisition has become a wholly-owned subsidiary of GCL Global Holdings Ltd. On February 14, 2025, its ordinary shares commenced trading on the Nasdaq Global Select Market under the trading symbol “GCL” and its warrants on the Nasdaq Capital Market under the trading symbol “GCLWW.” The business combination is expected to provide GCL with access to the U.S. public equity markets, thereby accelerating its business expansion.

The Loeb team that represented GCL in this transaction was led by Capital Markets senior counsel Jane Tam and partner Giovanni Caruso, and included Capital Markets senior counsels Joan Guilfoyle and Dinh Doan, and associates Rongwei Xie and Norly Jean-Charles; and Tax partner Shahrooz Shahnavaz and associate Simoné Hovsepian; and Executive Compensation & Employee Benefits partner Marina Casani.