Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 386

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 386
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 stock dividends, reorganizations, recapitalizations and
the like) for any 20 trading days within any 30-trading day period commencing at least 120 days after the Business Combination,
the Founder Shares will be released from the lock-up.

<div align='center'>F-112</div>

On June 26, 2023, the Company’s
board of directors unanimously consented to the conversion of the Company’s shares of Class B common stock to shares of Class A
common stock on a one-for one basis. On June 26, 2023, RF Dynamic LLC, the sole holder of Class B common stock, also consented to the
conversion of the Company’s Class B Common Stock to shares of Class A common stock on a one-for-one basis. On July 7, 2023, the
Company instructed its transfer agent to initiate the conversion of the shares of Class B common stock to shares of Class A common stock.
An aggregate of 2,875,000 shares of Class B common stock with a par value of $0.0001 per share was converted into 2,875,000 shares of
Class A common stock with a par value of $0.0001.

Administrative Services Agreement

Commencing on the date of
the Initial Public Offering and until completion of the Company’s initial business combination or liquidation, the Company will
make a payment of a monthly fee of $10,000 to the Sponsor for office space, utilities and secretarial and administrative support provided
to the Company. Upon completion of the initial Business Combination or the Company’s liquidation, the Company will cease paying
these monthly fees. For the period ended December 31, 2024 and December 31, 2023, $120,000 and $120,000 had been incurred and unpaid,
respectively.

Related Party Loans and Reimbursements

Other than the payment of
customary fees the Company may elect to make to members of its board of directors for director service, no compensation of any kind, including
finder’s and consulting fees, will be paid by the Company to the Sponsor or the Company’s executive officers and directors,
or any of their respective affiliates, for services rendered prior to or in connection with the completion of a Business Combination.
However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connection with activities on the Company’s
behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. The Company’s