Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 12

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 12
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 almost 1 million registered users and approximately 41.2% of 2Game’s revenue comes from Europe, with approximately 26.2% from
Asia, 26.9% from the U.S. and the remaining 5.7% from Latin America.

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4Divinity is GCL Group’s
publishing arm. Its mission is to develop game IP, invest in upcoming game titles, to publish, or co-publish with international game
publishers and content development studios, to introduce new video games and entertainment properties to Asia’s fast-growing market
of gamers, and to introduce original Asian-developed video games and entertainment content to the global market. As of the date of this
Report, GCL Group has either published or co-published a total of twelve game titles.

Titan Digital Media (“TDM”)
is a Group Subsidiary specialized in creating customized and strategic marketing campaigns specific to a brand’s needs. With its
in-house strategists, producers, designers, video production and marketing team, TDM is a full-service agency that connects a brand with
its target audience to achieve campaign key performance indicators (“KPIs”) and marketing goals. It has a production
studio, an advertising agency, and a multi-channel network of talent.

Ban Leong Technologies Limited
(“Ban Leong”) is an indirect wholly-owned subsidiary of the Company, principally engaged in the wholesale and
distribution of computer peripherals, accessories and other multimedia products.

GCL Group is headquartered
in Singapore, with subsidiaries in Malaysia, Hong Kong, China, Japan, Brazil, the United Kingdom and the United Arab Emirates.

Private Placement of Notes

On May 21, 2025, the Company entered into a Securities Purchase Agreement
(the “PIPE Investor SPA”) with PIPE Investor (“PIPE Investor”) for the issuance and sale of a senior unsecured
convertible note with an initial principal amount of $2,900,000 (the “Initial Note”). Pursuant to the PIPE Investor SPA, subject
to certain conditions, either the Company or the Selling Shareholders may require the issuance and sale of additional senior unsecured
convertible notes (the “Additional Notes” in the principal amount of $42,600,000, in the aggregate, for a purchase price of
$38,340,000). Pursuant to the PIPE Investor SPA, as amended on August 26, 2025, the Company has agreed to issue and sell to PIPE Investor
(i