Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 223

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 223
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1,686,260 | ) |
| Total definite-lived intangible assets |     | $    |  2,207,852 |   |     | $    |  3,273,226 |   |

<div align='center'>F-38

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Amortization expense for
years ended March 31, 2025, 2024 and 2023 was amounted to $1,065,373, $1,168,358 and $517,902, respectively.

The following table sets forth the Company’s
amortization expense for the next five years ending:

|                                                    |     | Amortization 
 expenses     |           |
|:---------------------------------------------------|:----|:-------------|----------:|
| Twelve months ending March 31, 2026                |     | $            | 1,041,288 |
| Twelve months ending March 31, 2027                |     |              | 1,041,288 |
| Twelve months ending March 31, 2028                |     |              |   101,168 |
| Twelve months ending March 31, 2029                |     |              |    10,419 |
| Twelve months ending March 31, 2030 and thereafter |     |              |    13,689 |
| Total                                              |     | $            | 2,207,852 |

Note 13 — Long-term investments

Investment in Nekcom

In November 20, 2024 (“Acquisition
Date”) , the Company, Nekcom and certain significant shareholders of Nekcom entered into a Series B Preferred Stock Purchase Agreement
(the “Nekcom SPA”) pursuant to which the Company has agreed to purchase 12,250,000 of Nekcom’s Series B Preferred Stock
that would constitute 20% of the total outstanding shares of Nekcom for an aggregate purchase price of $15,000,000 consisting of (a) $7,500,000
in cash, and (b) $7,500,000 in the Company’s ordinary shares.

On connection with the Nekcom
SPA, 262,325 ordinary shares of GCL Global (the “Nekcom Consideration Shares”) and an additional 262,325 ordinary shares of
GCL Global (the “Nekcom Additional Consideration Shares