Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 136

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 136
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 Pte. Ltd. and effective August 26, 2025, Ban Leong was officially
delisted from the SGX-ST and on August 28, 2025, changed its name to Ban Leong Technologies Pte. Ltd. Cash consideration of the Offer
was financed through a combination of an approximately $38.7 million secured term loan facility provided by The Hongkong and Shanghai
Banking Corporation Limited, Singapore Branch (the “HSBC term loan facility”) and approximately $10.0 million cash on hand
from the Company. The HSBC term loan facility is secured by all assets of GCL Global Pte Ltd, has a five-year term, bears a floating
interest rate ranging between 2.5% and 7.5%, and requires quarterly repayments, with the final installment due in July 2030. See “UNAUDITED
PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION,” “Ban Leong Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and Ban Leong’s audited financial statements and notes thereto, presented in accordance with U.S.
GAAP, which are included elsewhere in this prospectus. Ban Leong’s historical results are not necessarily indicative of future
results.

Key Operating Metric

Our management regularly
reviews the operating metric to evaluate our business, measure our performance, identify trends, formulate financial projections and
make strategic decisions. The main metric we consider, and our results for the years ended March 31, 2025, 2024 and 2023, are set forth
in the tables below:

Number of game copies sold
in physical form and digital form:

|                      |     | For the Years Ended March 31, |           |     |   |       |   |     |      |           |     |   |       |   |     |        |           |     |          |      |   |
|                      |     |                          2025 |           |     | % |       |   |     | 2024 |           |     | % |       |   |     | Change |           |     | Change % |      |   |
| Physical copies sold |     |                               | 1,832,740 |     |   |  28.2 | % |     |      | 1,234,149 |     |   |  24.6 | % |     |        |   598,591 |     |