Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 243

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 243
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standards, which delays the adoption of these accounting standards until they would apply to private companies.

New Accounting Standards That Have Been Adopted:

On November 27, 2023, the
Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, Improvements to Reportable
Segment Disclosures (“ASU 2023-07”). ASU 2023-07 amends ASC 280, Segment Reporting(“ASC 280”)
to expand segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the Company’s
chief operating decision maker (“CODM”), the amount and description of other segment items, the title and position of the
CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing segment performance and
deciding how to allocate resources. ASU 2023-07 further permits disclosure of more than one measure of segment profit or loss and
extends the full disclosure requirements of ASC 280 to companies with single reportable segments. The Company adopted ASU 2023-07
on April 1, 2024, and retrospectively apply to all periods presented in the consolidated financial statement. The adoption of this ASU
did not have a material impact on the consolidated financial statements and related disclosures.

<div align='center'>F-25

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

New Accounting Standards That Have Not Yet Been Adopted:

In October 2023, the FASB
issued ASU 2023-06, Disclosure Improvements — codification amendments in response to SEC’s disclosure Update and Simplification
initiative which amend the disclosure or presentation requirements of codification subtopic 230-10 Statement of Cash Flows—Overall,
250-10 Accounting Changes and Error Corrections— Overall, 260-10 Earnings Per Share— Overall, 270-10 Interim Reporting—
Overall, 440-10 Commitments—Overall, 470-10 Debt—Overall, 505-10 Equity—Overall, 815-10 Derivatives and Hedging—Overall,
860-30 Transfers and Servicing—Secured Borrowing and Collateral, 932-235 Extractive Activities— Oil and Gas—Notes to
Financial Statements, 946-20 Financial Services— Investment Companies— Investment Company Activities, and 974-10