Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 200

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 200
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. Many of the amendments allow users to more easily compare entities subject to the SEC’s existing disclosures
with those entities that were not previously subject to the SEC’s requirements. Also, the amendments align the requirements in the
Codification with the SEC’s regulations. For entities subject to existing SEC disclosure requirements or those that must provide
financial statements to the SEC for securities purposes without contractual transfer restrictions, the effective date aligns with the
date when the SEC removes the related disclosure from Regulation S-X or Regulation S-K. Early adoption is not allowed. For all other entities,
the amendments will be effective two years later from the date of the SEC’s removal. The Company is currently evaluating the impact
of the update on the Company’s consolidated financial statements and related disclosures.

In December 2023, the FASB
issued ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures. The ASU requires the annual
financial statements to include consistent categories and greater disaggregation of information in the rate reconciliation, and income
taxes paid disaggregated by jurisdiction. ASU 2023-09 is effective for public business entities for annual periods beginning
after December 15, 2024, and interim periods within those annual periods; early adoption is permitted. Adoption is either with a
prospective method or a fully retrospective method of transition. The Company is currently evaluating the impact of the update on the
Company’s consolidated financial statements and related disclosures.

In November 2024, the FASB
issued ASU 2024-04, Debt—Debt with Conversion and Other Options (Subtopic 470-20): Induced Conversions of Convertible Debt Instruments, which clarifies the accounting guidance for induced conversions of convertible debt. The amendments clarify that, to
account for a settlement as an induced conversion, an inducement offer must provide at least the consideration (in form and amount) issuable
under the original conversion terms, even for instruments with cash conversion features. The amendments also clarify that the guidance
applies to instruments not currently convertible, provided they had a substantive conversion feature at issuance and at the time of the
inducement offer. The amendments aim to improve the relevance and consistency in application of the induced conversion guidance and are
effective for annual periods beginning after December 15, 2025, with early adoption permitted for entities that have adopted ASU 2020-06.
The Company is currently evaluating the impact of the update on