GCL Global up after ADATA invests $10M; Nasdaq $1 rule still ahead
GCL Global Holdings Ltd shares jumped in U.S. premarket trading Wednesday. The Singapore-based games and entertainment firm got a new $10 million investment from ADATA Technology into its 4Divinity unit. Google Finance quoted the Nasdaq stock near 80 cents before the bell, up from Tuesday’s 43-cent finish. GCL is getting some breathing room to go after publishing rights and grow digital distribution, even as its stock stays weak. GCL closed Tuesday at $0.43 with 37.5 million shares traded, according to the company’s investor site, still under the $1 minimum needed to keep its Nasdaq listing.