GCL

GCL Global Holdings Ltd is a blank check company, also known as a special purpose acquisition company (SPAC), formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, or similar business combination. The company raised capital through its initial public offering with the intention of identifying and combining with an operating business, typically in a specific industry or sector targeted by the sponsors. Until a business combination is completed, GCL Global Holdings' funds are held in trust for the benefit of shareholders. As with all SPACs, investors face uncertainty regarding the ultimate target company and the terms of any proposed combination. The company's management and sponsors leverage their experience and networks to identify attractive acquisition opportunities.