Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 17

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 17
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 business combination with RFAC, pursuant to the Merger Agreement. On the Closing Date, pursuant to the Merger Agreement, (a) Merger Sub 1 merged with and into GCL Global, with GCL Global continuing as the surviving entity in the merger, as a result of which: (i) GCL Global became a wholly-owned subsidiary of the Company and (ii) each issued and outstanding share of GCL Global immediately prior to the consummation of the Merger was automatically cancelled, in exchange for the right of the holder thereof to receive such number of newly issued shares of the Company specified below; and (b) Merger Sub 2 merged with and into RFAC, with RFAC surviving such merger as a wholly owned subsidiary of the Company. As a result of the Transactions, RFAC and GCL Global each became a wholly-owned subsidiary of the Company. Immediately prior to the consummation of the Business Combination, all outstanding RFAC Units (each of which consisted of (i) one share of RFAC Class A Common Stock, (ii) one RFAC Public Warrant, and (iii) one RFAC Public Right) automatically separated into their individual components of RFAC Class A Common Stock, RFAC Public Warrants and RFAC Public Rights and such units ceased separate existence and trading. Upon the consummation of the Business Combination, the equity holdings of the RFAC stockholders were exchanged as follows:

| ● | each                                                                                                 
 share of RFAC Common Stock, including RFAC Class A Common Stock and RFAC Class B Common Stock,       
 issued and outstanding immediately prior to the effective time of the Business Combination           
 (other than any redeemed shares) was automatically cancelled and ceased to exist and, for            
 each share of RFAC Common Stock, the Company issued to each RFAC shareholder (other than             
 RFAC shareholders who exercised their redemption rights in connection with the Business Combination) 
 one validly issued Ordinary Share;                                                                   |

| ● | each                                                                                                
 RFAC Warrant issued and outstanding immediately prior to effective time of the Business Combination 
 converted into a warrant to purchase one Ordinary Share (or equivalent portion thereof).            
 The Warrants have substantially the same terms and conditions as set forth in the RFAC Warrants,    
 except that the Warrants are exercisable for Ordinary Shares rather than RFAC Common Stock;         |

| ● | every                                                                                         
 10 RFAC Rights issued and outstanding immediately prior to the effective time of the Business 
 Combination converted into one Ordinary Share of the Company