Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 298

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 298
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 |   |     |       |   2,383,796 |   |
| Salary expenses                                                      |     |                                   |             |   |     |            |            |   |     |             |           |   |     |       |         |   |     |       |     112,603 |   |
| Other income (expense), net                                          |     |                                   |             |   |     |            |            |   |     |             |           |   |     |       |         |   |     |       |      26,566 |   |
| Debt issuance costs                                                  |     |                                   |             |   |     |            |            |   |     |             |           |   |     |       |         |   |     |       |   1,590,750 |   |
| Change in fair value of convertible notes and derivative liabilities |     |                                   |             |   |     |            |            |   |     |             |           |   |     |       |         |   |     |       |  (4,875,420 | ) |
| Change in fair value of contingent consideration for acquisition     |     |                                   |             |   |     |            |            |   |     |             |           |   |     |       |         |   |     |       |     545,428 |   |
| Elimination of intersegment profit                                   |     |                                   |             |   |     |            |            |   |     |             |           |   |     |       |         |   |     |       |     431,341 |   |
| Income (loss) before income taxes                                    |     |                                   |             |   |     |            |            |   |     |             |           |   |     |       |         |   |     | $     |   6,178,093 |   |

<div align='center'>F-54

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

|                                                                  |     | For the Year Ended March 31, 2024 |            |   |     |            |           |   |     |             |           |   |     |       |          |   |     |       |            |   |
|:-----------------------------------------------------------------|:----|:----------------------------------|-----------:|:--|:----|:-----------|----------:|