GCL Global up after ADATA invests $10M; Nasdaq $1 rule still ahead
GCL Global Holdings said ADATA invested another $10 million in its 4Divinity unit, bringing total disclosed ADATA commitments since December to $23 million. GCL shares traded at about 80 cents in U.S. premarket, up from Tuesday’s 43-cent close, but still below Nasdaq’s $1 minimum bid rule, which it must meet by Sept. 14.