Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 153

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 153
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man Islands law, the Company is empowered to indemnify its current and former directors and officers against any liability they incur by reason of their directorship or position. out of the assets of the Company. Our Company has also entered into indemnification agreements with each of our directors and executive officers. Additionally, the Company has obtained directors’ and officers’ insurance to insure such persons against certain liabilities. Insofar as indemnification of liabilities arising under the Securities Act may be permitted to the board of directors, executive officers or persons controlling us pursuant to the foregoing provisions, the Company has been informed that, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore unenforceable.

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SELECTED HISTORICAL FINANCIAL INFORMATION AND OPERATING DATA</div>

The following tables set forth selected historical financial information of GCL Global included elsewhere in this prospectus, derived from GCL Global’s audited consolidated financial statements as of September 30, 2024, March 31, 2024 and 2023, and for the six months ended September 30, 2024 and 2023, and for the years ended March 31, 2024 and 2023.

The financial data set forth below should be read in conjunction with, and is qualified by reference to, “ The Company’s Management’s Discussion and Analysis of Financial Condition and Results of Operations” and the financial statements and notes thereto, included elsewhere in this prospectus are prepared and presented in accordance with U.S. GAAP. GCL Global’s historical results are not necessarily indicative of future results.

| Condensed consolidated balance sheets                        |     | September 30, 
 2024          |            |     | March 31, 
 2024      |            |     | 2023 |            |
|:-------------------------------------------------------------|:----|:--------------|-----------:|:----|:----------|-----------:|:----|:-----|-----------:|
| Current assets                                               |     | $             | 40,514,256 |     | $         | 32,566,905 |     | $    | 29,238,762 |
| Total assets                                                 |     | $             | 62,425,441 |     | $         | 49,558,244 |     | $    | 47,823,975 |
| Total current liabilities                                    |     | $             | 45,911,681