Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 12

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 12
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 other multimedia products. GCL Group is headquartered in Singapore, with subsidiaries in Malaysia, Hong Kong, China, Japan, Brazil, the United Kingdom and the United Arab Emirates. Private Placement of Notes On May 21, 2025, the Company entered into a Securities Purchase Agreement (the “ATW SPA”) with ATW Interactive Ventures, LLC (“ATW”) for the issuance and sale of a senior unsecured convertible note with an initial principal amount of $2,900,000 (the “Initial Note”). Pursuant to the ATW SPA, subject to certain conditions, either the Company or the Selling Shareholders may require the issuance and sale of additional senior unsecured convertible notes (the “Additional Notes” in the principal amount of $42,600,000, in the aggregate, for a purchase price of $38,340,000). Pursuant to the ATW SPA, as amended on August 26, 2025, the Company has agreed to issue and sell to ATW (i) an additional Note in the original principal amount of $1,500,000 on the date of submission of this registration statement by the Company to the SEC; and (ii) an additional Note in the original principal amount of $1,030,000 upon effectiveness of this Registration Statement. The Initial Note and the Additional Notes (collectively, the “Notes”) bear interest at a rate of 6% and are payable in the Company’s ordinary shares provided certain conditions are met. The maturity date of each Note is three years from the date of issuance of such Note. In an Event of Default (as defined in the SPA), the interest rate of the Notes increase to a default rate of 18%. ATW has the option of converting all or any portion of the Notes after the date of issuance and prior to the maturity date of the Notes. The number of Ordinary Shares issuable upon conversion of the Notes is determined by dividing (i) the sum of (x) the portion of the principal amount to be converted, redeemed, or otherwise with respect to which this determination is being made at a 10% premium, and (y) all accrued and unpaid interest with respect to such principal amount and any accrued and unpaid late charges and such interest by (ii) $2.16, subject to anti-dilution adjustments. Private Placement of Ordinary Shares Pursuant to a Subscription Agreement dated August 22, 2025 with Teng Woo Boon (“Teng”), the Managing Director of Ban Leong, an indirect wholly