Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 257

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 257
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 was accounted for as a business combination in accordance with ASC 805. The Company has allocated the purchase price of 2Game
based upon the fair value of the identifiable assets acquired and liabilities assumed on the acquisition date. The Company estimated
the fair values of the assets acquired and liabilities assumed at the acquisition date in accordance with the business combination standard
issued by the FASB using the fair value approach. Management of the Company is responsible for determining the fair value of assets acquired,
liabilities assumed, and intangible assets identified as of the acquisition date. Acquisition-related costs incurred for the acquisitions
are not material and have been expensed as incurred in general and administrative expenses.

The Company concluded that
the acquisition of 2Game was not significant based on assessments using the income test, asset test, and investment test pursuant to
S-X Rule 3-05. Pursuant to ASC 805-10-50-2 (h). the unaudited pro forma information of the Company for the year ended March 31, 2023
set forth below gives effect to the business combination as if it had occurred on April 1, 2022 and combines the results of operations
of the Company since then. The unaudited pro forma information is presented after applying the Company’s accounting policies and
elimination intra-entity transactions, as applicable. The unaudited pro forma information does not include any impact of transaction
synergies and is presented for informational purposes only and is not necessarily indicative of the results of operations that would
actually have been occurred had the business combination been consummated as of that time or that may result in the future:

|                                |     | For the 
 2023    | Year ended March 31, |     | For the 
 2022    | Year ended March 31, |
|:-------------------------------|:----|:--------|---------------------:|:----|:--------|---------------------:|
| Unaudited pro forma revenue    |     | $       |           77,444,155 |     | $       |           65,827,057 |
| Unaudited pro forma net income |     | $       |            2,140,643 |     | $       |            4,586,525 |

| Cash                                      |     | $ |     6,550 |
| *Contingent consideration for acquisition |     |   | 3,360,848 |
| Total consideration at fair value         |     |