Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 129

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 129
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 employees are either represented by a
labor union or subject to a collective bargaining agreement.

Facilities

GCL Group’s corporate
headquarters are located at 29 Tai Seng Avenue #02-01, Singapore 534119. The term of the lease is through March 31, 2028. Together
with six other properties (including our Chairman’s residence which also serves as his office), our leases total over 6,604 square
meters in Singapore. As of August 26, 2025, GCL Group also has leased office facilities in Hong Kong, China, Dubai, Japan, Brazil, Thailand
and Malaysia, totaling over 4,447 square meters. We believe our facilities are adequate and suitable for our current needs and that should
it be needed, suitable additional or alternative space will be available to accommodate our operations.

Legal Proceedings

From time to time, we may
become involved in legal proceedings arising in the ordinary course of our business. We are not currently a party to any legal proceedings
the outcome of which, if determined adversely to us, would individually or in the aggregate have a material adverse effect on our business,
financial condition, or results of operations.

<div align='center'>75

GCL 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 in this prospectus, including information with respect to our plans and strategy for our business and related financing, and includes forward-looking statements that involve risks and uncertainties. As a result of many factors, including those factors set forth in the section of this prospectus titled “Risk Factors,” our actual results could differ materially from the results described in or implied by the forward-looking statements contained in the following discussion and analysis.

Overview

GCL is a holding company
incorporated as an exempted company under the laws of the Cayman Islands. As a holding company with no material operations on its own,
we conduct all our operations through our subsidiaries in Singapore, Hong Kong, Malaysia, China, the United Kingdom, Japan