Golf Entertainment Group Tees Off on OTCQB After Major Restructuring

STAMFORD, CT – January 07, 2026 – Golf Entertainment Group Inc. officially began trading on the OTCQB stock exchange today under the new ticker symbol “GLFE,” marking the capstone of a significant corporate overhaul designed to reposition the company for growth in the burgeoning golf entertainment market. The move, effective at the start of today's trading session, follows a recent name change from Drive Shack Inc. and a substantial 1-for-100 reverse stock split executed last month.

This series of strategic maneuvers signals a deliberate effort by the company to enhance its market visibility, improve stock liquidity, and attract a broader base of institutional and retail investors. By stepping up to the OTCQB Venture Market, which requires companies to be current in their reporting and undergo an annual verification and management certification process, Golf Entertainment Group aims to build greater investor confidence as it navigates a competitive and rapidly evolving industry.

A Strategic Overhaul for a New Era

The uplisting is the final piece of a multi-step transformation that began in late 2025. In December, the company shed its former identity as Drive Shack Inc., adopting the more encompassing name Golf Entertainment Group Inc. to better reflect its diverse portfolio. This was accompanied by a 1-for-100 reverse stock split, an action approved by stockholders in October 2025.

Reverse stock splits are often employed by companies to increase their per-share trading price. While the action does not change the company's overall market capitalization, it consolidates the number of outstanding shares, thereby raising the price of each individual share. In this case, the split elevated GLFE's stock price into the double digits, trading around $14.30 on its first day on the OTCQB. This price point is often seen as more attractive to institutional investors and funds, some of which have bylaws prohibiting investment in stocks trading below a certain threshold, such as $5 or $1 per share.

While such moves can sometimes be met with market skepticism, as they are frequently used by companies facing financial distress or delisting threats, the context for Golf Entertainment Group appears to be one of strategic repositioning. The company is framing the restructuring as a pivotal moment in its evolution, aimed at unlocking new opportunities for capital attraction. For existing shareholders, the company stated that “no action is required” with respect to the uplisting.

Tapping into the 'Competitive Socializing' Boom

Behind the corporate finance maneuvers is a business model that taps directly into one of the hottest trends in modern leisure: “competitive socializing.” The company operates a trio of distinct brands, each targeting a different segment of the golf and entertainment landscape.

• American Golf: The company's most traditional asset, this division oversees a large portfolio of 42 golf courses and country clubs across the United States. With decades of industry experience, it operates a mix of owned, leased, and managed properties, providing a stable foundation in the conventional golf market.

• Drive Shack: This brand represents the company's presence in the technology-driven golf entertainment space. Its four venues in Florida, North Carolina, and Virginia feature TrackMan-powered hitting bays that allow players of all skill levels to engage in virtual games and data-driven practice sessions. Combined with elevated food and beverage offerings, Drive Shack competes directly with market leaders like Topgolf for customers seeking an active, social outing.

• Puttery: An upscale, modern take on mini golf, Puttery has ten locations in major U.S. markets. It offers immersive, themed courses with seamless electronic scoring and a premium hospitality experience, making it a popular destination for corporate events and social gatherings. This brand is a pure-play on the competitive socializing trend, which has seen explosive growth of nearly 400% since early 2021, according to industry reports.

This diversified approach allows Golf Entertainment Group to create a comprehensive “ecosystem for the sport,” catering to everyone from the dedicated traditional golfer to the casual consumer looking for a fun night out. The company is well-positioned to capitalize on the growth of the golf simulator market, which was valued at over $1.9 billion in 2025 and is projected by some analysts to exceed $4.7 billion by 2034, driven by technological innovation and a widening appeal among younger demographics.

Financials, Competition, and the Path Forward

The strategic restructuring comes as the company shows signs of top-line growth but continues to pursue profitability. In its most recent financial disclosure for the third quarter of 2025, the company reported total revenue of $90.15 million, a significant 20.8% increase from the previous quarter. However, it also posted a net loss of $2.73 million for the same period. This dynamic of growing revenue paired with ongoing losses highlights the critical importance of the company's strategy to attract new capital to fund its expansion and push toward sustainable profitability.

The competitive field is formidable. In the tech-enabled golf entertainment space, Topgolf Callaway Brands remains the dominant player, having expanded to over 100 venues globally. The modern mini-golf segment also has strong competitors like Puttshack. Golf Entertainment Group's strategy appears to be leveraging its unique combination of assets—traditional golf, tech-golf, and social mini-golf—to differentiate itself from more singularly focused rivals.

The uplisting to OTCQB is a key part of this plan. By meeting the exchange's higher reporting standards, the company provides investors with greater transparency. This, combined with a more institutionally-friendly stock price, is intended to broaden its appeal and improve its ability to raise the funds necessary to scale its Drive Shack and Puttery locations and continue innovating across its brands. The market's initial reaction has been stable, with the stock holding its ground, suggesting investors may be taking a wait-and-see approach to the company's ambitious transformation. Ultimately, the success of this strategic overhaul will be measured by the company's ability to translate its position in a high-growth market into long-term shareholder value.