Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 11

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 11
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 and strategic marketing campaigns specific to a brand’s needs. With its in-house strategists, producers, designers, video production and marketing team, TDM is a full-service agency that connects a brand with its target audience to achieve campaign key performance indicators (“ KPIs”) and marketing goals. It has a production studio, an advertising agency, and a multi-channel network of talent. Ban Leong Technologies Pte. Ltd. (“ Ban Leong”) is an indirect wholly-owned subsidiary of the Company, principally engaged in the wholesale and distribution of computer peripherals, accessories and other multimedia products. GCL Group is headquartered in Singapore, with subsidiaries in Malaysia, Hong Kong, China, Japan, Brazil, the United Kingdom and the United Arab Emirates. Private Placement of Notes On May 21, 2025, the Company entered into a Securities Purchase Agreement (the “ATW SPA”) with ATW Interactive Ventures, LLC (“ATW”) for the issuance and sale of a senior unsecured convertible note with an initial principal amount of $2,900,000 (the “Initial Note”). Pursuant to the ATW SPA, subject to certain conditions, either the Company or the Selling Shareholders may require the issuance and sale of additional senior unsecured convertible notes (the “Additional Notes” in the principal amount of $42,600,000, in the aggregate, for a purchase price of $38,340,000). Pursuant to the ATW SPA, as amended on August 26, 2025, the Company has agreed to issue and sell to ATW (i) an additional Note in the original principal amount of $1,500,000 on the date of submission of this registration statement by the Company to the SEC; and (ii) an additional Note in the original principal amount of $1,030,000 upon effectiveness of this Registration Statement. The Initial Note and the Additional Notes (collectively, the “Notes”) bear interest at a rate of 6% and are payable in the Company’s ordinary shares provided certain conditions are met. The maturity date of each Note is three years from the date of issuance of such Note. In an Event of Default (as defined in the SPA), the interest rate of the Notes increase to a default rate of 18%. ATW has the option of converting all or any portion of the Notes after the date of issuance and prior to the maturity date of the Notes. The number of Ordinary Shares issuable upon conversion of the Notes is determined by dividing (i) the sum of (x