GCL Asia strikes SPAC merger deal with RF Acquisition, valuing the video game distributor at US$1.2bil

PETALING JAYA: Video game distributors and publishers, Grand Centrex Ltd (GCL) together with its subsidiaries and affiliated companies, has entered into a definitive business combination agreement with RF Acquisition Corp, a publicly traded special purpose acquisition company (SPAC), and RF Dynamic LLC, resulting in GCL Asia becoming a publicly listed company.

Upon closing, the combined company is expected to be listed on Nasdaq under the reserved ticker of “GCL”.