Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 86

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 86
---
deficit)                                                                 |     | $          | (5,662,200 | ) |     | $   | 15,110,225 |   |     | $          |  35,075,357 |   |
| Basic and diluted weighted average shares outstanding of Class A common shares, redeemable     |     |            |  2,744,649 |   |     |     |          — |   |     |            |           — |   |
| Book value (deficit) per class A Common stock subject to possible redemption                   |     | $          |      (0.97 | ) |     | $   |          — |   |     | $          |           — |   |
| Basic and diluted weighted average shares outstanding of Class A common shares, non-redeemable |     |            |  3,075,000 |   |     |     | 25,916,468 |   |     |            | 126,276,372 |   |
| Book value (deficit) per class A Common stock, non-redeemable                                  |     | $          |      (0.97 | ) |     | $   |       0.58 |   |     | $          |        0.28 |   |

<div align='center'>50

MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS</div>

The following is a general discussion of certain material U.S. federal income tax consequences of the ownership and disposition of Ordinary Shares for a U.S. Holder (as defined below). This discussion address only U.S. Holders that acquire Ordinary Shares in this offering. This discussion is for general information purposes only and does not purport to be a complete analysis or listing of all potential U.S. federal income tax consequences that may apply to a U.S. holder as a result of the ownership and disposition of Ordinary Shares. In addition, this discussion does not address all aspects of U.S. federal income taxation that may be relevant to particular holders nor does it take into account the individual facts and circumstances of any particular holder that may affect the U.S. federal income tax consequences to such holder, and accordingly, is not intended to be, and should not be construed as, tax advice.

This discussion is based on provisions of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), the U.S. Treasury Regulations promulgated thereunder (whether final, temporary,