Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 265

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 265
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. The unaudited pro forma information is presented after applying the Company’s accounting
policies and elimination intra-entity transactions, as applicable. The unaudited pro forma information does not include any impact
of transaction synergies and is presented for informational purposes only and is not necessarily indicative of the results of operations
that would have been occurred had the business combination been consummated as of that time or that may result in the future:

|                                       |     |   |   For the year 
          ended 
 March 31, 2024 |   |     |   |   For the year 
          ended 
 March 31, 2023 |
|:--------------------------------------|:----|:--|---------------:|:--|:----|:--|---------------:|
| Unaudited pro forma revenue           |     | $ |     97,576,855 |   |     | $ |     77,724,857 |
| Unaudited pro forma net (loss) income |     | $ |     (1,957,135 | ) |     | $ |      2,089,212 |

The following tables summarizes the consideration
transferred to acquired Martiangear at the date of acquisition:

| Share issuance*                   |     | $ | 687,348 |
| Cash consideration                |     |   | 148,000 |
| Total consideration at fair value |     | $ | 835,348 |

The following table summarizes the fair value of
the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at
the date of the acquisition of Martiangear:

|                                  |     | Fair value       
 as of            
 acquisition date |         |   |
| Total consideration              |     |                  | 835,348 |   |
| Less: net assets of Martiangear: |     |                  |         |   |
| Cash                             |     |                  |   8,263 |   |
| Accounts receivable              |     |                  |   4,808 |   |
| Inventory                        |     |                  |  92,889 |   |
| Intangible asset                 |     |                  |  85,675 |   |
| Total assets                     |     |                  | 191,635 |   |
| Accounts payable                 |     |                  | (17,457 | ) |
| Deferred tax liability           |     |                  | (13,197 | ) |
| Total liabilities                |