Company: GCL
Filing Date: 2025-04-30
Form Type: 424B3
Source: 0001213900-25-037646
Chunk: 3

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-30
Form: 424B3
Chunk 3
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 Shares |

The Offer will be extended to all the
Shares in issue as at the date of the Offer (excluding any treasury shares) (the “Offer Shares”).

The Offer will also be extended, on
the same terms and conditions, to all the Shares owned, controlled, or agreed to be acquired by parties acting or presumed to be acting
in concert with the Offeror in relation to the Offer. For the purpose of the Offer, the expression “Offer Shares” shall
include such Shares, and the expression “Shareholders” shall mean each shareholder of the Company.

| 1 | Based on publicly available information and/or latest information                                                                            
 available to the Offeror (where relevant) as at the Offer Announcement Date, for purposes of computation, all references in this Offer       
 Announcement to the total number of Shares shall be to 107,796,700 Shares (excluding 8,703,300 treasury shares and 681,818 returned shares). |

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| (c) | Rights and Encumbrances of Shares |

The Offer Shares will be acquired:

| (i) | fully paid-up; |

| (ii) | free from all claims, charges, liens, pledges, mortgages, encumbrances, declaration of trust, hypothecation,                               
 retention of title, power of sale, equity, options, rights of pre-emption, rights of first refusal, moratorium or other third party rights 
 or security interest of any kind or an agreement, arrangement or obligation to create any of the foregoing (“Encumbrances”);               
 and                                                                                                                                        |

| (iii) | together with all rights, benefits, entitlements and advantages attached thereto as at the date of this                             
 Offer Announcement (“Offer Announcement Date”) and hereafter attaching thereto, including but not limited to the right              
 to receive and retain (if any) all dividends, rights, other distributions and/or return of capital (collectively, “Distributions”), 
 which may be announced, declared, paid or made by the Company in respect of the Shares on or after the Offer Announcement Date.     |

| (d) | Adjustment for Distributions |

Without prejudice to the foregoing,
the Offer Price has been determined on the basis that the Offer Shares will be acquired with the right to receive any Distribution that
may be declared, paid or made by the Company on or after the Announcement Date.

Accordingly, in the event that any
Distribution is or has been declared, paid or made