Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 381

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 381
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 |     | Class A and    
 Class B,       |           |   |     | Class A,                    |           |   |     | Class A and    
 Class B,       |           |   |
|                                                       |     | redeemable                  |           |   |     | Non-redeemable |           |   |     | redeemable                  |           |   |     | Non-redeemable |           |   |
| Basic and diluted net loss per common share           |     |                             |           |   |     |                |           |   |     |                             |           |   |     |                |           |   |
| Numerator:                                            |     |                             |           |   |     |                |           |   |     |                             |           |   |     |                |           |   |
| Allocation of net income (loss), as adjusted          |     | $                           |  (448,245 | ) |     | $              |  (567,669 | ) |     | $                           |  (373,254 | ) |     | $              |  (192,164 | ) |
| Denominator:                                          |     |                             |           |   |     |                |           |   |     |                             |           |   |     |                |           |   |
| Basic and diluted weighted average shares outstanding |     |                             | 2,428,098 |   |     |                | 3,075,000 |   |     |                             | 5,972,785 |   |     |                | 3,075,000 |   |
| Basic and diluted net income (loss) per common share  |     | $                           |     (0.18 | ) |     | $              |     (0.18 | ) |     | $                           |     (0.06 | ) |     | $              |     (0.06 | ) |

Derivative Financial Instruments

The Company evaluates its
financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance
with ASC Topic 815, “Derivatives and Hedging”. For derivative financial instruments that are accounted for as liabilities,
the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with
changes in the fair value reported in the statements of operations. The classification of derivative instruments, including whether such
instruments should be recorded as liabilities or as