Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 392

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 392
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rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2024
and December 31, 2023, there were no shares of preferred stock issued or outstanding.

Class A Common Stock - The Company is authorized to issue 380,000,000 shares of Class A common stock with a par value of $0.0001 per
share. On April 12, 2021, the Company issued to EBC and/or its designees an aggregate of 200,000 shares of Class A common stock
with a par value of $0.0001 per share. As of December 31, 2024 and December 31, 2023, there were 3,075,000 shares of Class A
common stock issued and outstanding, excluding 1,574,369 and 2,744,649 shares of Class A common stock subject to possible redemption
, respectively.

Class B Common Stock — The Company is authorized to issue 20,000,000 shares of Class B common stock with a par value
of $0.0001 per share. Holders of the Company’s common stock are entitled to one vote for each share, except that, prior to the completion
of a Business Combination, only holders of the Company’s Class B common stock have the right to vote on the election of directors.
On January 21, 2021, the Company issued 2,875,000 shares of Class B common stock to the Sponsor, including an aggregate of up
to 375,000 shares of Class B common stock that are subject to forfeiture, to the extent that the underwriter’s over-allotment
option is not exercised in full or in part, so that the Sponsor will own 20% of the Company’s issued and outstanding common stock
after the Initial Public Offering (excluding the private placement warrants and the EBC founder shares). On March 30, 2022, the underwriter
exercised their over-allotment option to purchase an additional 1,500,000 Units at $10.00 per Unit. As a result, the Founder Shares were
no longer subject to forfeiture.

The Class B common stock
will convert into Class A common stock (i) at any time, from time to time, at the option of the holder, and (ii) automatically at
the time of the initial Business Combination on a one-for-one basis, subject to adjustment for stock