Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 238

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 238
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| Period-end SGD: US$1 exchange rate     |     |     |    1.3475 |     |     |    1.3294 |
| Period-end HKD: US$1 exchange rate     |     |     |    7.8259 |     |     |    7.8499 |
| Period-end MYR: US$1 exchange rate     |     |     |    4.7225 |     |     |     4.413 |
| Period-average SGD: US$1 exchange rate |     |     |    1.3447 |     |     |    1.3739 |
| Period-average HKD: US$1 exchange rate |     |     |    7.8246 |     |     |    7.8389 |
| Period-average MYR: US$1 exchange rate |     |     |    4.6409 |     |     |    4.4467 |

The Company accounts for its business combinations
using the acquisition method of accounting in accordance with ASC 805 “Business Combinations.” The cost of an acquisition
is measured as the aggregate of the acquisition date fair value of the assets transferred to the sellers and liabilities incurred by the
Company and equity instruments issued. Transaction costs directly attributable to the acquisition are expensed as incurred. Identifiable
assets and liabilities acquired or assumed are measured separately at their fair values as of the acquisition date, irrespective of the
extent of any non-controlling interests. The excess of (i) the total costs of acquisition, fair value of the non-controlling interests
and acquisition date fair value of any previously held equity interest in the acquiree over (ii) the fair value of the identifiable
net assets of the acquiree is recorded as goodwill. If the cost of acquisition is less than the fair value of the net assets of the subsidiary
acquired, the difference is recognized directly in the consolidated statements of operation and comprehensive loss. During the measurement
period, which can be up to one year from the acquisition date, the Company may record adjustments to the assets acquired and liabilities
assumed with the corresponding offset to goodwill. Upon the conclusion of the measurement period or final determination of the values
of assets acquired or liabilities assumed, whichever comes first, any subsequent adjustments are recorded to the consolidated statements
of operation and comprehensive loss.

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