Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 162

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 162
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,142 |
| Depreciation and amortization expenses |     |                               |  2,369,036 |     |      |  2,371,718 |   |     |      | 1,507,671 |
| EBITDA                                 |     |                               | 10,803,063 |     |      |    971,856 |   |     |      | 4,459,637 |

<div align='center'>90</div>

Off-Balance Sheet Arrangements

We have no off-balance sheet
arrangements including arrangements that would affect our liquidity, capital resources, market risk support and credit risk support or
other benefits.

Research and Development, Patents and Licenses, etc.

See “Business—Intellectual
Property.”

Trend Information

Other than as disclosed
elsewhere in this prospectus and below, we are not aware of any trends, uncertainties, demands, commitments or events that are reasonably
likely to have a material effect on our revenues, income from continuing operations, profitability, liquidity or capital resources, or
that would cause reported financial information not necessarily to be indicative of future operating results or financial condition.

Critical Accounting Estimates

Financial statements and
accompanying notes have been prepared in accordance with U.S. GAAP. The preparation of these financial statements and accompanying notes
requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related
disclosure of contingent assets and liabilities. Estimates are based on historical experience and on various other assumptions that are
believed to be reasonable under the circumstances, the results of which form the basis of making judgments about the carrying values
of assets and liabilities that are not readily apparent from other sources. Certain accounting estimates are particularly sensitive because
of our significance to financial statements and because of the possibility that future events affecting the estimate may differ significantly
from management’s current judgments. We believe that the following accounting estimates are critical to our business operations
and understanding our consolidated financial results.

Contingent consideration for acquisitions

We determined that the contingent
consideration related to the 2Game acquisition should be classified as a liability, as we are obligated to settle the arrangement in
cash or shares upon 2Game’s achievement of certain performance milestones. In accordance with ASC 815-40, Derivatives and Hedging, we initially recognized the contingent consideration at fair value and remeasure it at each reporting date. We continue
to adjust the carrying amount until the