Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 323

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 323
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 for and discloses related party transactions in accordance with ASC 850, “Related
Party Disclosures” and other relevant ASC standards.

Corporations
or individual parties are considered to be related if they have the ability, directly or indirectly, to control the Company or exercise
significant influence over the Company in making financial and operating decisions. Entities are also considered to be related if they
are subject to common control or common significant influence.

<div align='center'>F-75

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Transactions
involving related parties cannot be presumed to be carried out on an arm’s-length basis, as the requisite conditions of competitive,
free market dealings may not exist. Representations about transactions with related parties, if made, shall not imply that the related
party transactions were consummated on terms equivalent to those that prevail in arm’s-length transactions unless such representations
can be substantiated.

The
Company adheres to ASC 450, “Contingencies” for the recognition, measurement, and disclosure of commitments and contingencies.
Contingencies, representing uncertainties related to potential liabilities or gains stemming from past events, are evaluated based on
available information, legal counsel advice, and historical experience. The Company records accruals for losses when it is probable and
reasonably estimable.

The Company
considers the applicability and impact of all accounting standards updates (“ASUs”).

Management
periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended (the
“JOBS Act”), the Company meets the definition of an emerging growth Company and has elected the extended transition period
for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply
to private companies.

In
October 2023, the FASB issued ASU 2023-06, Disclosure Improvements — codification amendments in response to SEC’s
disclosure Update and Simplification initiative which amend the disclosure or presentation requirements of codification subtopic
230-10 Statement of Cash Flows — Overall, 250-10 Accounting Changes and Error Corrections — Overall, 260-10 Earnings Per
Share — Overall, 270-10 Interim Reporting — Overall, 440-10 Commitments — Overall, 470-10 Debt — Overall,
505-10 Equity — Overall