GCL Global Delays Extraordinary Meeting to Review Nasdaq Compliance Options

GCL Global (NASDAQ:GCL) shareholders approved an adjournment of the company’s first extraordinary general meeting of 2026, postponing the meeting to Dec. 1, 2026, at 9:00 a.m. Singapore time.

The company said the adjournment will provide additional time to assess its compliance with applicable Nasdaq listing requirements and evaluate available options. Management said it had concluded that a proposed share consolidation may not be necessary at this stage.

Sebastian, GCL’s Group CEO and the corporate representative for shareholder Epicsoft Ventures Ltd., chaired the meeting. He said the meeting was held in Singapore and virtually by video or teleconference.

According to the company, Continental Stock Transfer & Trust certified that 130,135,432 ordinary shares were issued, outstanding and entitled to vote as of the July 20, 2026 record date.

Karen Smith, President and CEO of Advantage Proxy, who served as proxy solicitor and inspector of election, confirmed that a quorum was present because more than one-third of the company’s outstanding voting shares were represented at the meeting.

Adjournment Vote

Before the vote, Sebastian said he had voted all shares held by Epicsoft Ventures in favor of the adjournment. Those shares represented approximately 61.9% of the company’s issued capital entitled to vote at the meeting.

Smith reported that no additional ballots were received during the meeting. The final vote count on the adjournment resolution was:

• Votes in favor: 80,581,793
• Votes against: 0
• Abstentions: 0

Smith said the valid votes in favor represented more than 50% of votes present at the meeting. Following the tally, the chairman declared the adjournment resolution carried.

Next Meeting Date

The extraordinary general meeting will reconvene on Dec. 1, 2026, at 9:00 a.m. Singapore time, at the same location as the original meeting. GCL said notice of the adjourned meeting will be posted to shareholders as soon as possible in accordance with its articles of association.

About GCL Global (NASDAQ:GCL)

GCL Global Enterprises, Inc (NASDAQ: GCL) is a U.S.-based provider of residential and commercial restoration, remodeling and reconstruction services. The company specializes in water damage remediation, mold mitigation, fire and smoke damage restoration, storm and disaster recovery, and general contracting work. Through a combination of proprietary processes, licensed technicians and third-party partnerships, GCL Global delivers end-to-end project management from initial assessment through final rebuild.

In addition to its core restoration business, GCL Global offers home improvement and renovation services, including flooring, painting, cabinetry and other remodeling projects.