GCL Drops as ‘Realm of Ink’ Release Looms Over Turnaround Hopes
GCL Global Holdings Ltd shares fell on Nasdaq Tuesday as the company reported that its 4Divinity publishing unit and developer Leap Studio launched the full Version 1.0 of “Realm of Ink” for PC, Steam, Epic Games Store, PlayStation 5, Xbox Series and Nintendo Switch. The Singapore-based games and entertainment company said the title is a fast-paced “roguelite,” with gameplay involving repeated runs, some progress carrying over. “An exciting milestone” for GCL and 4Divinity, Group CEO Sebastian Toke said. Nasdaq was shut Monday, May 25 for Memorial Day, so Tuesday became the first normal trading day for investors to weigh the launch with GCL’s latest funding and its still-low share price. The timing is key.