On January 27, 2025, Gamehaus Holdings Inc. ("Gamehaus") announced its De-SPAC listing on the NASDAQ Stock Exchange with the ticker symbol GMHS, through a business combination with Golden Star Acquisition Corporation, a special purpose acquisition company (SPAC). Gamehaus is the holding company of Chongqing Haohan Network Technology Co., Ltd., who applied for filing with the China Securities Regulatory Commission (CSRC). Gamehaus is the first game publisher to be listed after the new CSRC regulations for filing-based administration of overseas listings came into effect. It is also the first company in Chongqing to be successfully filed for overseas listing with the CSRC and to go public.
Gamehaus is a game publisher and distributes games created by its developer partners across gaming markets including the United States, the United Kingdom, Australia, Germany, France, Canada, Brazil, Japan and India. It has a diversified games portfolio including social casino, match-three, simulation, role-playing, puzzle elimination, and bingo games. With its extensive experience in the mobile gaming industry, technological advantages, and data-driven insights into game content creation and distribution, Gamehaus provides services covering all aspects of the game lifecycle, including game development, screening and pre-release testing, user acquisition, and monetization. Its mature and scalable growth model enables it to remain a light-asset company. While fostering partnerships with game developers by selecting games that can be distributed successfully through the most suitable channels, Gamehaus has maximized the return on investment in game promotion and marketing.
As the PRC legal counsel to Gamehaus, JunHe conducted the legal due diligence within China, reviewed and amended the application and offering documents for the listing, and assisted in preparing responses to the questions raised by the U.S. Securities and Exchange Commission (SEC) with respect to PRC laws. The SEC approved the client’s IPO application. JunHe conducted research on whether this project was required to be filed with the CSRC, assisted the company in communicating with the CSRC in the early stages of the project, helped the company submit responses to multiple rounds of feedback from the CSRC within a short timeframe, and assisted the company in completing the CSRC filing for its overseas listing. With its high-quality, rigorous, and efficient legal services provided during the IPO application and feedback responses, the JunHe team helped Gamehaus obtain approval and consent from both the SEC and the CSRC for the securities issuance and listing application. Their detail-oriented services and solid expertise have earned high recognition and trust from the client, its shareholders, and other intermediaries.
The JunHe team was led by partner JIANG, Wenjun (Kelvin). Partner DENG, Lin was responsible for the specific work of the project and partner ZHOU, Fang provided great support for the internal control matters.