Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 328

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 328
---
 its expertise in jewelry and accessories retail.
By collaborating with Starry, the Company plans to create unique, game character-inspired jewelry and accessories. This collaboration
will not only promote and market certain games but also expand the Company’s customer base. The synergy between the gaming operations
and the jewelry business is expected to increase brand visibility and appeal to a broader demographic, thereby enhancing brand recognition.

— Acquisition of Martiangear

On
July 25, 2023, the Company through its subsidiary, Titan Digital, entered into a sale and purchase agreements (“SPA2”)
with two third parties (“Vendors”) to acquire 100% equity interest of Martiangear. Martiangear was incorporated in Singapore
on September 24, 2020, and its principal activities include distribution of gaming desks and chairs. The acquisition of Martiangear
was completed on September 4, 2023 (“Acquisition Date”). Pursuant to the SPA2, The Company is obligated to remit an
aggregate total of $835,348 consideration in fair value which consist of following three tranches to the Vendors.

| ● | Tranche 1 — 53,711 of the Company’s ordinary                                                 
 shares (“Consideration Share”) to the Vendors on the Acquisition Date. In the                
 event that the Company fail to become a listed company within 24 months from the Completion  
 Date, the Company irrevocably undertakes to purchase all of the Consideration Share from     
 the Vendors for a cash consideration of $700,000. Given the condition of whether the company 
 can become a listed entity within 24 months is not solely within the control of the Company  
 and in accordance with ASC 480-10-S99, the Company record the fair value of the issuance     
 of the Consideration Shares in Tranche 1 to the Vendors as mezzanine equity.                 |

<div align='center'>F-78

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

| ● | Tranche 2 — An aggregate total of $148,000 cash consideration                                                               
 issue to the Vendors which include (1) $48,000                                                                              
 due on the Completion Date, (2) $50,000 due on one month after the Completion Date, and (3) $50,000 due on two months after 
 the Completion Date.                                                                                                        |

As
of the date of the