Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 216

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 216
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 |
|:---------------------------------|:----|:-----|-----------:|:----|:-----|----------:|
| Investment in Nekcom             |     | $    | 15,364,229 |     | $    |         - |
| Investment in Cloudshelf Limited |     |      |     71,045 |     |      |    71,045 |
| Total                            |     | $    | 15,435,274 |     | $    |    71,045 |

Investment in Nekcom

On 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.

<div align='center'>F-34

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

In 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”) were issued in the name of Nekcom on December 18, 2024 but
were held in escrow until full recoupment date of the minimum guarantee (“Full Recoupment Date”) when they will be released
to either Nekcom or the Company depending on the value of Nekcom Consideration Shares (the “Consideration Shares VWAP”) based
on the volume weighted average price of the Consideration Shares over thirty (30) trading days immediately preceding the Full Recoupment
Date. If the Consideration Shares VWAP exceeds $7,500,000, all Nekcom Consideration Shares will be released to Nekcom, and all Nekcom
Additional Consideration Shares will be returned to the Company for cancellation. In the event that the Consideration Shares VWAP is below
$7,500,000 but exceeds $1