Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 265

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 265
---
 acquisition
of Starry is strategically aimed at leveraging its expertise in jewelry and accessories retail. By collaborating with Starry, the Company
plans to create unique, game character-inspired jewelry and accessories. This collaboration will not only promote and market certain games
but also expand the Company’s customer base. The synergy between the gaming operations and the jewelry business is expected to increase
brand visibility and appeal to a broader demographic, thereby enhancing brand recognition.

— Acquisition of Martiangear

On July 25, 2023, the Company through its subsidiary,
Titan Digital, entered into a sale and purchase agreements (“SPA2”) with two third parties (“Vendors”) to acquire
100% equity interest of Martiangear. Martiangear was incorporated in Singapore on September 24, 2020, and its principal activities
include distribution of gaming desks and chairs. The acquisition of Martiangear was completed on September 4, 2023 (“Acquisition
Date”). Pursuant to the SPA2, The Company is obligated to remit an aggregate total of $835,348 consideration in fair value which
consist of following three tranches to the Vendors.

| ● | Tranche 1 — 53,711 of the Company’s                                                                                                       
 ordinary shares (“Consideration Share”) to the Vendors on the Acquisition Date. In the event that the Company fail to become              
 a listed company within 24 months from the Completion Date, the Company irrevocably undertakes to purchase all of the Consideration       
 Share from the Vendors for a cash consideration of $700,000. Given the condition of whether the company can become a listed entity within 
 24 months is not solely within the control of the Company and in accordance with ASC 480-10-S99, the Company record the fair value        
 of the issuance of the Consideration Shares in Tranche 1 to the Vendors as mezzanine equity.                                              |

| ● | Tranche 2 — An aggregate total                                                                                               
 of $148,000 cash consideration issue to the Vendors which include (1) $48,000 due on the Completion Date, (2) $50,000 due on 
 one month after the Completion Date, and (3) $50,000 due on two months after the Completion Date.                            |

<div align='center'>F-39

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

As