Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 269

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 269
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,500,000 in the Company’s ordinary shares.

On connection with the Nekcom
SPA, 262,325 ordinary shares of GCL Global (the “Nekcom Consideration Shares”) and an additional 262,325 ordinary shares
of GCL Global (the “Nekcom Additional Consideration Shares”) were issued in the name of Nekcom on December 18, 2024
but were held in escrow until full recoupment date of the minimum guarantee (“Full Recoupment Date”) when they will be released
to either Nekcom or the Company depending on the value of Nekcom Consideration Shares (the “Consideration Shares VWAP”) based
on the volume weighted average price of the Consideration Shares over thirty (30) trading days immediately preceding the Full Recoupment
Date. If the Consideration Shares VWAP exceeds $7,500,000, all Nekcom Consideration Shares will be released to Nekcom, and all Nekcom
Additional Consideration Shares will be returned to the Company for cancellation. In the event that the Consideration Shares VWAP is
below $7,500,000 but exceeds $1,200,000, Nekcom will receive such number of Nekcom Additional Consideration Shares from the escrow account
that would make up the shortfall, with the balance returned to the Company for cancellation. If the value of the Nekcom Additional Consideration
Shares so released from the escrow account is not sufficient to make up the shortfall, the Company has agreed to either pay Nekcom cash
to make up the shortfall, or issue additional shares to Nekcom and use its reasonable best efforts to register such shares for resale.
If the Consideration Shares VWAP is below $1,200,000, the Company has agreed to pay Nekcom the shortfall between $7,500,000 and the Consideration
Shares VWAP in cash.

As of March 31, 2025, the
Company had remitted $5,000,000 cash consideration towards investment in Nekcom’s Sereis B preferred Share and the remaining $2,500,000
will be paid on or before August 16, 2025. However, the Nekcom Consideration Shares and Nekcom Additional Consideration Share were being
held in escrow yet to be released as the contingency of recoupment of the minimum guarantee has not been met.

The Company’s investment
in Nek