Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 296

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 296
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 Services Agreement dated April 28, 2025 with a third-party vendor, the Company issued 41,853 ordinary shares valued at approximately $2.39 per share, the then prevailing trading price of the ordinary shares, to the vendor as compensation for the services rendered by the vendor under that agreement. On May 21, 2025, the Company entered into a securities purchase agreement (the “ATW SPA”) with ATW Partners (“ATW”) for the issuance of senior unsecured convertible notes, through a facility of up to $45.5 million. Pursuant to the ATW SPA, the Company has issued and sold to ATW an initial note in the aggregate original principal amount of $2,900,000, at a purchase price of $2,610,000 on May 22, 2025. Pursuant to the ATW SPA, as amended on August 26, 2025, the Company has agreed to issue and sell to ATW an additional Note in the original principal amount of $2,530,000 on the date of the submission of this registration statement by the Company to the SEC. In connection with that certain Facility Agreement for a financing of up to SGD5,000,000, the Company issued to Oversea-Chinese Banking Corporation Limited (“OCBC”) on July 7, 2025 a warrant (the “OCBC Warrant”) to purchase up to 899,281 ordinary shares of the Company at an exercise price of US$4.17 per share to meet one of the conditions precedent for the Borrower to draw down funds under the Facility Agreement. On July 29, 2025, the Company and OCBC entered into Amendment No. 1 to the OCBC Warrant to clarify their commercial understanding that none of the terms of the OCBC Warrant shall have any legal effect on the Company unless and until the entire SGD 5,000,000 has been disbursed by OCBC under the Facility Agreement. As of the date of this prospectus, no fund has been disbursed under the Facility Agreement. Pursuant to a Subscription Agreement dated August 22, 2025 with Teng Woo Boon (“Teng”), the Managing Director of Ban Leong Technologies Limited, an indirect wholly-owned subsidiary of the Company, the Company has agreed to sell and issue to Teng 625,000 ordinary shares at $4.00 per share, above the then trading price of the ordinary shares, in a private placement. II-1 Item