On October 11 2021, Houlihan Lokey, Inc. announced important proposals with the purpose of make GCA Corporation a wholly owned subsidiary. Specifically, Houlihan Lokey requested to sell all of the common stock of the Company held by the Company to Houlihan Lokey. Although the Company issues stock acquisition rights, the stock acquisition rights are not subject to such a sale request because no one holds the stock acquisition rights other than Houlihan Lokey.