Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 272

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 272
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 Company also paid cash
consideration of an aggregated amount of $540,496 and share consideration of $266,214 by issuing 20,468 Company’s ordinary shares
to above mentioned third parties upon achievements of 2Game’s financial performance milestones for the year ended March 31,
2023.

<div align='center'>F-42

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The following table summarizes the fair value of
the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at
the date of the acquisition of 2Game:

|                            |     | Fair value       
 as of            
 acquisition date |           |   |
|:---------------------------|:----|:-----------------|----------:|:--|
| Total consideration        |     | $                | 3,367,398 |   |
| Non-controlling interest   |     |                  | 2,590,000 |   |
| Less: net assets of 2Game: |     |                  |           |   |
| Cash                       |     |                  |       428 |   |
| Prepayments                |     |                  |     7,338 |   |
| Intangible assets          |     |                  | 4,742,000 |   |
| Total assets               |     |                  | 4,749,766 |   |
| Accounts payable           |     |                  |   (33,382 | ) |
| Deferred tax liability     |     |                  |  (806,140 | ) |
| Total liabilities          |     |                  |  (839,522 | ) |
| Total net assets of 2Game  |     |                  | 3,910,244 |   |
| Goodwill                   |     | $                | 2,047,154 |   |

The purchase price was allocated to the identifiable
intangible assets acquired and liabilities assumed based on their acquisition date estimated fair values. The identifiable intangible
assets principally included customer relationships, with estimated useful lives of 4.6 years based on the expected future economic
benefit of the assets and are being amortized over the estimated useful life in proportion to the economic benefits consumed using the
straight-line method.

The Company, with the assistance of a third-party
appraiser, assessed the fair value of the 100% equity interest, identifiable intangible assets acquired, and noncontrolling interest