Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 324

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 324
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, 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 removes the related disclosure from Regulation S-X or Regulation S-K. Early adoption is not allowed. For
all other entities, the amendments will be effective two years later from the date of the SEC’s removal. The Company is
currently evaluating the impact of the update on the Company’s unaudited condensed consolidated financial statements and
related disclosures.

In
November 2023, the FASB issued ASU 2023-07, which is an update to Topic 280, Segment Reporting: Improvements to reportable Segment
Disclosures (“ASU 2023-07”), which enhances the disclosure required for reportable segments in annual and interim consolidated
financial statements, including additional, more detailed information about a reportable segment’s expenses. ASU 2023-07 will be
effective for fiscal years beginning after December 15, 2023, and interim periods within fiscal years beginning after December 15,
2024. Early adoption is permitted. The Company anticipates that Topic 280 will impact only its disclosures and therefore do not expect
that Topic 280 will have a material impact on its unaudited condensed consolidated financial statements.

In
December 2023, the FASB issued ASU 2023-09, which is an update to Topic 740, Income Taxes. The amendment in this update enhances
the transparency and decision usefulness of income tax disclosures. ASU 2023-09 will be effective for fiscal years beginning after December 15,
2024. Early adoption is permitted for annual financial statements that have not yet been issued or made available