Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 81

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 81
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 condensed combined financial information.

Transaction Accounting Adjustments to Unaudited Pro Forma Condensed Combined Balance Sheet

The transaction accounting
adjustments included in the unaudited pro forma condensed combined balance sheet as of September 30, 2024 are as follows:

| (B) | Reflected additional draw down of $299,113 from non-interest-bearing 
 promissory note - related party subsequent to June 30, 2024;         |

| (C) | Reflected the redemption of 1,170,280 shares of RFAC’s common                                                                             
 stock by RFAC’s stockholders at a redemption price of approximately $11.23 per share, for an aggregate redemption amount of approximately 
 $13,136,586 on September 23, 2024;                                                                                                        |

| (D) | Reflected the redemption of 1,522,973 shares of RFAC’s common                                                                             
 stock by RFAC’s stockholders at a redemption price of approximately $11.55 per share, for an aggregate redemption amount of approximately 
 $17,584,052 on January 23, 2025;                                                                                                          |

| (E) | Reflected additional excise tax accrued from above (C) and    
 (D) redemption of RFAC’s common stock by RFAC’s stockholders; |

| (G) | Reflected the withdrew from trust account for tax payment remittance; |

| (H) | Reflected the additional $170,460 non-interest bearing advances             
 from founder to support RFAC’s working capital subsequent to June 30, 2024; |

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| (J) | Reflected the issuance of $33,025,000 convertible notes (“Notes”)                                                               
 by GCL Global to certain accredited investors, and the conversion of the Notes into GCL Global’ s ordinary shares that would be 
 exchanged for Merger Consideration Shares upon the consummation of the Business Combination;                                    |

| (K) | Reflected the reclassification of cash held in the Trust Account,                                   
 net of Trust Account fee that becomes available for general use following the Business Combination; |

| (L) | Reflected the elimination of the historical accumulated deficit                                                                            
 of RFAC, the accounting acquiree, into GCL Global’s additional paid-in capital upon the consummation of the Business Combination; the      
 conversion of 3,075,000 RFAC Class A common stock, respectively, into RFAC single class common stock;