Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 102

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 102
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 the Company (the “Warrant Shares”) at an exercise price of US$4.17 per share
(the “Exercise Price”) to meet one of the conditions precedent for the Borrower to draw down funds under the Facility
Agreement. The aggregate Exercise Price payable for the total number of Warrant Shares purchasable under the Warrant shall be
US$3,750,000, and shall first be used to repay all principal, interest and other amounts outstanding under the Facility Agreement
with the remainder, if any, for the Borrower’s working capital. The Warrant was issued in reliance upon the exemption from
registration provided by Section 4(a)(2) of the Securities Act of 1933, as amended (the “Securities Act”). On July 29,
2025, the Company and OCBC entered into Amendment No. 1 to the Warrant (the “Amendment”) to clarify their commercial
understanding that none of the terms of the Warrant shall have any legal effect on the Borrower and/or the Company unless and until
the entire SGD 5,000,000 has been disbursed to the Borrower by OCBC under the Facility Agreement; and that OCBC will have no claims
for penalties, damages and legal remedies of any kind against either the Company or the Borrower for non-performance of any
obligations under the Warrant. The Amendment also provides that, among other things, until the full amount of SGD5,000,000 is
disbursed by OCBC to the Borrower pursuant to the Facility Agreement, (i) the Warrant shall not be capable of exercise of any kind,
and shall remain un-exercisable; and (ii) OCBC will have no rights to Piggyback Registration (as defined in the Warrant). Under the
Amendment, the Company will have six months from the date the full amount of SGD5,000,000 is disbursed to file a registration
statement for the public resale of all of the Warrant Shares (as defined in the Warrant). As of the date of issuance of the
consolidated financial statements, no fund has been disbursed under the Facility Agreement.

Acquisition of Ban Leong Technologies Ltd

On April 30, 2025, Epicsoft
Asia (the “Offeror”) made a voluntary conditional cash offer (the “Offer”) of S$0.6029 per share (approximately
US$0.4580 per share) to acquire all