Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 85

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 85
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 became
unconditional on May 27, 2025. As the Offeror has received valid acceptances of more than 90% of the total number of issued shares of
Ban Leong, the Offeror exercised its right of compulsory acquisition under the Companies Act 1967 of Singapore. As of the date of the
prospectus, Ban Leong is a wholly-owned subsidiary of Epicsoft Asia Pte. Ltd. and effective August 26, 2025, Ban Leong was officially
delisted from the SGX-ST and on August 28, 2025, changed its name to Ban Leong Technologies Pte. Ltd. Cash consideration of the Offer
was financed through a combination of an approximately $38.7 million secured term loan facility provided by The Hongkong and Shanghai
Banking Corporation Limited, Singapore Branch (the “HSBC term loan facility”) and approximately $10.0 million cash on hand
from the Company. The HSBC term loan facility is secured by all assets of GCL Global Pte Ltd, has a five-year term, bears a floating
interest rate ranging between 2.5% and 7.5%, and requires quarterly repayments, with the final installment due in July 2030. See “UNAUDITED
PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION,” “Ban Leong Management’s Discussion and Analysis of Financial Condition
and Results of Operations” and Ban Leong’s audited financial statements and notes thereto, presented in accordance with U.S.
GAAP, which are included elsewhere in this prospectus. Ban Leong’s historical results are not necessarily indicative of future
results.

For over 30 years, Ban Leong
has distributed a wide range of technology products across Asia that include IT accessories, gaming components, smart (IOT) technology,
and commercial products. Ban Leong is an authorized distributor for over 50 well-known brands, including Razer, Nvidia, Samsung, Huawei,
TP-Link, and LG. Ban Leong’s multi-channel distribution strategy encompasses e-commerce platforms, brick-and-mortar retailers,
chain stores, and direct sales to corporate resellers and system integrators, and operating service centres in Singapore, Malaysia, and
Thailand that provide technical support and repair services.

Other Recent Developments

In September 2024, Hainan
GCL made a secured loan in the aggregate amount of $3,000,000 to Nekcom Inc. (“Nek