Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 380

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 380
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Loss) Per Share Common Share

The Company complies with
the accounting and disclosure requirements of FASB ASC Topic 260, “Earnings Per Share”. Basic income (loss) per common share
is computed by dividing net income (loss) applicable to common stockholders by the weighted average number of common shares outstanding
during the period. Consistent with FASB 480, common shares subject to possible redemption, as well as their pro rata share of undistributed
trust earnings consistent with the two-class method, have been included in the calculation of income (loss) per common share for the twelve
months ended December 31, 2024 and December, 2023. Such shares, if redeemed, only participate in their pro rata share of trust earnings.
Diluted income (loss) per share includes the incremental number of common shares to be issued to settle warrants and rights, as calculated
using the treasury method. For the twelve months ended December 31, 2024 and December, 2023 the Company did not have any dilutive warrants,
rights, securities or other contracts that could potentially, be exercised or converted into common shares. As a result, diluted income
(loss) per common share is the same as basic income (loss) per common share for all periods presented. Potentially diluted Class B shares
subject to forfeiture upon the underwriter’s non exercise of the over-allotment option were excluded from the calculation for the
period up until March 30, 2022 when the underwriters exercised the over-allotment option and those 375,000 shares were no longer subject
to forfeiture.

The following table reflects
the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except share amounts) for the twelve months ended
December 31, 2024, and December 31, 2023:

|                                                       |     | For the Twelve Months Ended 
 December 31, 2024           |           |   |     |                |           |   |     | For the Twelve Months Ended 
 December 31, 2023           |           |   |     |                |           |   |
|:------------------------------------------------------|:----|:----------------------------|----------:|:--|:----|:---------------|----------:|:--|:----|:----------------------------|----------:|:--|:----|:---------------|----------:|:--|
|                                                       |     | Class A,                    |           |