Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 331

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 331
---
 pro forma information is presented
after applying the Company’s accounting policies and elimination intra-entity transactions, as applicable. The unaudited pro forma
information does not include any impact of transaction synergies and is presented for informational purposes only and is not necessarily
indicative of the results of operations that would have been occurred had the business combination been consummated as of that time or
that may result in the future:

|                              |     | 2024 |                 For 
                 the 
          Six Months 
 Ended September 30, |   |     | 2023 |             For the 
                 Six 
              Months 
 Ended September 30, |   |
|:-----------------------------|:----|:-----|--------------------:|:--|:----|:-----|--------------------:|:--|
| Unaudited pro forma revenue  |     | $    |          50,905,705 |   |     | $    |          36,119,927 |   |
| Unaudited pro forma net loss |     | $    |            (802,442 | ) |     | $    |          (1,823,955 | ) |

The
following tables summarizes the consideration transferred to acquired Martiangear at the date of acquisition:

| Share issuance*                   |     | $ | 687,348 |
| Cash consideration                |     |   | 148,000 |
| Total consideration at fair value |     | $ | 835,348 |

<div align='center'>F-79

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

The
following table summarizes the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which
represents the net purchase price allocation at the date of the acquisition of Martiangear:

|                                  |     | Fair value  
 as of       
 acquisition 
 date        |         |   |
| Total consideration              |     |             | 835,348 |   |
| Less: net assets of Martiangear: |     |             |         |   |
| Cash                             |     |             |   8,263 |   |
| Accounts receivable              |     |             |   4,808 |   |
| Inventory                        |     |             |  92,889 |   |
| Intangible asset                 |     |             |  85,675 |   |
| Total