Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 223

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 223
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4, the balance due to related
party was comprised of incorporation expense paid by the Company’s related party and was used for working capital during the Company’s
ordinary course of business.

NOTE 5 — EQUITY

The authorized number of ordinary shares of the
Company is 500,000,000 shares with par value of US$0.0001 each. As of March 31, 2024, the Company had issued one ordinary share without
consideration.

NOTE 6 — SUBSEQUENT EVENTS

The Company has evaluated all events and transactions
that occur after March 31, 2024, other than the event disclosed above and elsewhere in these financial statements, there is no other
subsequent event occurred that would require recognition or disclosure in the financial statements.

On April 5, 2024, GCL Sub was formed as a wholly-owned
subsidiary of the Company for the sole purpose of serving as Merger Sub 1 to complete the Initial Merger transaction contemplated by the
Merger Agreement. (Refer to Note 1)

<div align='center'>F-8

GCL GLOBAL HOLDINGS LTD

BALANCE SHEET

(Amounts in U.S. Dollars, except for number of shares)</div>

|                                                                                                   |     |            | As of September 30, 
                2024 |   |     |   |     As of 
 March 31, 
      2024 |   |
|:--------------------------------------------------------------------------------------------------|:----|:-----------|--------------------:|:--|:----|:--|----------:|:--|
|                                                                                                   |     | -Unaudited |                     |   |     |   |           |   |
| Current liability                                                                                 |     |            |                     |   |     |   |           |   |
| Amounts due to a related party                                                                    |     | $          |               6,569 |   |     | $ |     4,619 |   |
| Total liability                                                                                   |     |            |               6,569 |   |     |   |     4,619 |   |
| Shareholder’s Deficit                                                                             |     |            |                     |   |     |   |           |   |
| Ordinary Shares, $0.0001 par value, 500,000,000 shares authorized, 1 share issued and outstanding |     |            |                   - |   |     |   |         - |   |
| Accumulated deficit                                                                               |