Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 89

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 89
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 to the PIPE
Investor SPA, as amended on August 26, 2025, the Company has agreed to issue and sell to
PIPE Investor (i) an additional Note in the original principal amount of $1,500,000 on the
date of submission of this registration statement by the Company to the SEC; and (ii) an
additional Note in the original principal amount of $1,030,000 upon effectiveness of this
Registration Statement. The Notes have a three-year term and bear interest at 6% per annum,
payable monthly, at GCL’s option, in cash or, provided that certain conditions are
met, in ordinary shares. The proceeds shall be used for general corporate and working capital
purposes.

In connection with that
certain Facility Letter dated as of October 1, 2024, as supplemented by the Supplemental Letter dated as of March 12, 2025 and July 7,
2025 between Epicsoft Asia Pte. Ltd. (the “Borrower”), a wholly-owned subsidiary of GCL Global Holdings Ltd (the “Company”
or “GCL”), and Oversea-Chinese Banking Corporation Limited (“OCBC”) for a financing of up to SGD5,000,000 (the
“Facility Agreement”), the Company issued to OCBC a warrant (the “OCBC Warrant”) to purchase up to 899,281 ordinary
shares of 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 OCBC 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 OCBC 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 OCBC Warrant shall have
any legal effect on the Borrower and/or