Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 153

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 153
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896,000 |   |

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| Condensed consolidated statement of cash flow       |     | For the six months ended 
 September 30,            
 2024                     |            |   |     | 2023 |            |   |
|:----------------------------------------------------|:----|:-------------------------|-----------:|:--|:----|:-----|-----------:|:--|
| Net cash (used in) provided by operating activities |     | $                        | (2,189,180 | ) |     | $    |  6,138,119 |   |
| Net cash (used in) provided by investing activities |     | $                        |    (76,681 | ) |     | $    |     20,720 |   |
| Net cash provided by (used in) financing activities |     | $                        |  8,528,017 |   |     | $    | (4,046,664 | ) |

| Condensed consolidated statement of cash flow       |     | For the years ended 
 March 31,           
 2024                |           |   |     | 2023 |            |   |
|:----------------------------------------------------|:----|:--------------------|----------:|:--|:----|:-----|-----------:|:--|
| Net cash provided by (used in) operating activities |     | $                   | 1,316,296 |   |     | $    | (4,365,870 | ) |
| Net cash used in investing activities               |     | $                   |  (780,624 | ) |     | $    |   (615,528 | ) |
| Net cash provided by financing activities           |     | $                   |   135,236 |   |     | $    |  4,359,210 |   |

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MANAGEMENT’S DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS</div>

Unless the context otherwise requires, for purposes of this section, the terms “GCL”, “we,” “us,” or “our,” refer to GCL Global Limited and its subsidiaries prior to the consummation of the Business Combination. You should read the following discussion and analysis of our financial condition and results of operations together with our financial statements and related notes included elsewhere in this prospectus. Some of the information contained in this discussion and analysis are set forth elsewhere