Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 278

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 278
---
       |              |                               |   264,506 |     |   |      - |     |   |   2,911 |
|                  |                       |                            |              | $                             | 1,509,405 |     | $ | 42,477 |     | $ | 663,896 |

Cost of revenue from related parties

|                  | Name of Related Party |                            | Relationship |                            | Relationship | For the years ended March 31, |       2025 |     |   |       2024 |     |   |       2023 |
|:-----------------|:----------------------|:---------------------------|:-------------|:---------------------------|:-------------|:------------------------------|-----------:|:----|:--|-----------:|:----|:--|-----------:|
| SEGA Corporation |                       | Shareholder of the Company |              | Shareholder of the Company |              | $                             | 15,596,454 |     | $ | 17,578,879 |     | $ | 12,388,590 |
| Jianhao Tan      |                       | CEO of Titan Digital       |              | CEO of Titan Digital       |              |                               |    237,311 |     |   |    667,336 |     |   |    604,258 |
|                  |                       |                            |              |                            |              | $                             | 15,833,765 |     | $ | 18,246,215 |     | $ | 12,992,848 |

Note 19 — Shareholders’ equity

GCL Global was established
under the laws of Cayman Islands on September 8, 2023, and authorized to issue 150,000,000 shares with a par value of $$0.0001. On February 13,
2024, the Company completed its Reorganization under GCL Global with a sequential two-step transaction (see Note 1). On February 13,
2025, the Company completed its reverse recapitalization under Pubco through consummating the Business Combination contemplated by the
Merger Agreement (See Note 3). All of the outstanding ordinary shares is presented on the basis as if the reverse recapitalization under
Pubco became effective as of the beginning of the first period presented on April 1, 2022. The shares and corresponding capital
amounts and all per share data related to GCL Global’s outstanding ordinary shares prior to the Reverse Recap