Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 103

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 103
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 of the issued and paid-up ordinary shares in the capital of Ban Leong Technologies Limited (“Ban
Leong”), a Singaporean company listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”). The Offer became
unconditional on May 27, 2025. As the Offeror has received valid acceptances of more than 90% of the total number of issued shares of
Ban Leong, the Offeror is entitled to, and will be exercising its right of compulsory acquisition under the Companies Act 1967 of Singapore.
Subsequent to the completion of the compulsory acquisition which is currently expected to take place on or around August 25, 2025, Ban
Leong will be officially delisted from the SGX-ST. Cash consideration of the Offer will be 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.

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 |