Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 167

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 167
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 628 |     |            | (10,081,840 | ) |     |          |          - |   |     |               |        - |   |     |                 |         - |   |     |               | (10,081,212 | ) |
| Incremental fair value of warrants upon the reverse recapitalization                  |     |                 |           - |     |           |      - |     |            |      12,014 |   |     |          |    (12,014 | ) |     |               |        - |   |     |                 |         - |   |     |               |           - |   |
| Merger transaction cost                                                               |     |                 |           - |     |           |      - |     |            |  (1,713,953 | ) |     |          |          - |   |     |               |        - |   |     |                 |         - |   |     |               |  (1,713,953 | ) |
| Stock-based compensation                                                              |     |                 |   2,000,000 |     |           |    200 |     |            |        (200 | ) |     |          |          - |   |     |               |        - |   |     |                 |         - |   |     |               |           - |   |
| Foreign currency translation adjustments                                              |     |                 |           - |     |           |      - |     |            |           - |   |     |          |          - |   |     |               |  296,833 |   |     |                 |    15,384 |   |     |               |     312,217 |   |
| Balance as of                                                                         
 March 31, 2025                                                                        |     |                 | 121,947,978 |     | $         | 12,196 |     | $          |  18,149,582 |   |     | $        | 17,513,985 |   |     | $             |  178,312 |   |     | $               | 1,103,187 |   |     | $             |  36,957,262 |   |

<div align='center'>The accompanying notes are
an integral part of these consolidated financial statements.

F-5

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

CONSOLIDATED STATEMENTS OF CASH F