Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 207

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 207
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AC Common Stock held by the Sponsor immediately       
 prior to the Closing of Business Combination; and (ii) up to 4,450,500 Ordinary Shares issuable   
 upon exercise of 4,450,500 Warrants, which securities are subject to lock-up as further described 
 in “Shares Eligible for Future Sales.” RF Dynamic LLC is the record holder of                     
 the securities reported herein. Tse Meng Ng is the sole member and manager of RF Dynamic          
 LLC and has voting and investment discretion with respect to the securities held of record        
 by the Sponsor. Tse Meng Ng disclaims any beneficial ownership of any shares held by the          
 Sponsor except to the extent of his respective pecuniary interest therein. The business address   
 of RF Dynamic LLC is 111 Somerset Road, #05-06, Singapore 238164.                                 |

| (3) | Shares                                                                                       
 beneficially owned is comprised of 549,500 Ordinary Shares issuable upon exercise of 549,500 
 Warrants, which securities are subject to lock-up as further described in “Shares Eligible   
 for Future Sales.” EarlyBirdCapital Inc. is the record holder of the securities reported     
 herein. David Nussbaum, Steven Levine and Amy Kaufmann have voting and investment discretion 
 with respect to the securities held of record by EBC. The address of EBC is One Huntington   
 Quadrangle 1C15, Melville, NY 11747.                                                         |

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PLAN OF DISTRIBUTION</div>

We are registering the issuance by us of up to 16,500,000 Ordinary Shares, which consist of (i) up to 11,500,000 Ordinary Shares issuable upon the exercise of 11,500,000 Warrants, which were originally issued as RFAC Public Warrants, and (ii) up to 5,000,000 Ordinary Shares issuable upon the exercise of 5,000,000 Warrants, which were originally issued as RFAC Private Placement Warrants to the Sponsor and EBC.

We are also registering the offer and resale, from time to time, by the Selling Shareholders named in this prospectus, including their donees, pledgees, transferees, assignees, distributees, successors or other successors-in-interest selling securities received after the date of this prospectus from the Selling Shareholders (as a gift, pledge, partnership distribution or other non-sale related transfer), of (a) up to 83,456,793 Ordinary Shares and (