Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 218

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 218
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 for our opinion.

/s/ Marcum Asia CPAs LLP

Marcum Asia CPAs LLP
We have served as the Company’s auditor since 2024.

New York, New York
November 12, 2024

<div align='center'>NEW YORK OFFICE ● 7 Penn Plaza ● Suite
830 ● New York, New York ● 10001
Phone 646.442.4845 ● Fax 646.349.5200 ● www.marcumasia.com

F-2

GCL GLOBGAL HOLDINGS LTD

BALANCE SHEET
(Amounts in U.S. Dollars, except for number of shares)</div>

|                                                                                                   |     | As of     
 March 31, 
 2024      |        |   |
|:--------------------------------------------------------------------------------------------------|:----|:----------|-------:|:--|
| LIABILITY AND SHAREHOLDERS’ DEFICIT                                                               |     |           |        |   |
| Current liability                                                                                 |     |           |        |   |
| Due to a related party                                                                            |     | $         |  4,619 |   |
| Total liability                                                                                   |     |           |  4,619 |   |
| Shareholders’ deficit                                                                             |     |           |        |   |
| Ordinary Shares, $0.0001 par value, 500,000,000 shares authorized, 1 share issued and outstanding |     |           |        |   |
| Accumulated deficit                                                                               |     |           | (4,619 | ) |
| Total shareholders’ deficit                                                                       |     |           | (4,619 | ) |
| Total liability and shareholders’ deficit                                                         |     | $         |      — |   |

<div align='center'>The accompanying notes are an integral part of these financial statements.

F-3

GCL GLOBGAL HOLDINGS LTD

STATEMENT OF OPERATIONS
(Amounts in U.S. Dollars, except for number of shares)</div>

|                                                         |     | For the          
 period from      
 October 12, 2023 
 (inception)      
 through          
 March 31, 2024   |        |   |
|:--------------------------------------------------------|:----|:-----------------|-------:|:--|
| Operating expenses                                      |     |                  |        |   |
| General and administrative expenses                     |     | $                |  4,619 |   |
| Total operating expenses                                |     |                  |  4