Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 364

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 364
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 until December 28, 2023 in exchange for a noninterest bearing, unsecured promissory note payable upon consummation
of a business combination. In connection therewith the stockholders of record were provided the opportunity to exercise their
redemption rights. Holders of 7,391,973 shares of Class A common stock exercised their right to redemption at a per share redemption price
of approximately $10.29. On April 3, 2023, a total of $76,054,240 in redemption payments were made in connection with this redemption.
Following the redemption, the Company had a total of 4,108,027 shares of Class A common stock outstanding.

<div align='center'>F-102</div>

On June 26, 2023, the Company’s
board of directors unanimously consented to the conversion of the Company’s shares of Class B common stock to shares of Class A common
stock on a one - for one basis. On June 26, 2023, RF Dynamic LLC, the sole holder of Class B common stock, also consented to the conversion
of the Company’s Class B Common Stock to shares of Class A common stock on a one - for - one basis. On July 7, 2023, the Company instructed
its transfer agent to initiate the conversion of the shares of Class B common stock to shares of Class A common stock. An aggregate of
2,875,000 shares of Class B common stock with a par value of $0.0001 per share was converted into 2,875,000 shares of Class A common stock
with a par value of $0.0001. Following, the Company had a total of 3,075,000 shares of Class A common stock outstanding.

On October 18, 2023, the Company
entered into an agreement and plan of merger (as amended by the First Amendment, dated as of December 1, 2023, the Second Amendment, dated
as of December 15, 2023, the Third Amendment, dated as of January 31, 2024, and the Fourth Amendment dated September 30, 2024, the “Merger
Agreement”) with GCL Global Holdings Ltd, a Cayman Islands exempted company limited by shares, Grand Centrex Limited, a British
Virgin Islands business company, GCL Global Limited, a Cayman Islands exempted company limited by shares, and, for the limited purposes
set forth