Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 259

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 259
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 related party transactions were consummated
on terms equivalent to those that prevail in arm’s-length transactions unless such representations can be substantiated.

The Company adheres to ASC 450, “Contingencies”
for the recognition, measurement, and disclosure of commitments and contingencies. Contingencies, representing uncertainties related to
potential liabilities or gains stemming from past events, are evaluated based on available information, legal counsel advice, and historical
experience. The Company records accruals for losses when it is probable and reasonably estimable.

The Company considers the applicability and impact of all
accounting standards updates (“ASUs”).

Management periodically reviews new accounting standards
that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the “JOBS Act”), the Company meets the
definition of an emerging growth Company and has elected the extended transition period for complying with new or revised accounting standards,
which delays the adoption of these accounting standards until they would apply to private companies.

In October 2023, the FASB issued ASU 2023-06,
Disclosure Improvements — codification amendments in response to SEC’s disclosure Update and Simplification
initiative which amend the disclosure or presentation requirements of codification subtopic 230-10 Statement of Cash Flows — Overall,
250-10 Accounting Changes and Error Corrections — Overall, 260-10 Earnings Per Share — Overall,
270-10 Interim Reporting — Overall, 440-10 Commitments — Overall, 470-10 Debt — Overall,
505-10 Equity — Overall, 815-10 Derivatives and Hedging — Overall, 860-30 Transfers and Servicing — Secured
Borrowing and Collateral, 932-235 Extractive Activities — Oil and Gas — Notes to Financial Statements,
946-20 Financial Services — Investment Companies — Investment Company Activities, and 974-10 Real
Estate — Real Estate Investment Trusts — Overall. The amendments represent changes to clarify
or improve disclosure and presentation requirements of above subtopics. Many of the amendments allow users to more easily compare entities
subject to the SEC’s existing disclosures with those entities that were not previously subject to the SEC’s requirements.
Also, the amendments align the requirements in the Codification with the SEC’s regulations. For entities subject to existing SEC
disclosure requirements or those that must provide financial statements to the SEC for securities purposes without contractual transfer
restrictions, the effective date aligns with the date when the SEC