Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 227

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 227
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 losses of $1,950 for the six months ended September 30,
2024, with a working capital deficit of $6,569 as of September 30, 2024. The Company’s operating results for future periods are
subject to numerous uncertainties and it is uncertain if the Company will be able to reduce or eliminate its net losses for the foreseeable
future. Accordingly, the Company may not be able to obtain additional financing. These conditions raise substantial doubt about the Company’s
ability to continue as

a going concern.

Management
plans to address this uncertainty through a Business Combination as discussed in Note 1. The Company’s unaudited financial statements
do not give effect to any adjustments relating to the carrying values and classification of assets and liabilities that would be necessary
should the Company be unable to continue as a going concern.

<div align='center'>F-13

GCL GLOBAL HOLDINGS LTD

NOTES TO FINANCIAL STATEMENTS

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

NOTE 3 — SUMMARY OF SIGNIFICANT
ACCOUNTING POLICIES

Basis of Presentation

The accompanying
unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States of
America (“U.S. GAAP”) and pursuant to the rules and regulations of the Securities and Exchange Commission (“SEC”)
and have been consistently applied. The unaudited financial statements as of September 30, 2024 and for the six months ended September
30, 2024 are included all adjustments (consisting of only normal recurring adjustments) considered necessary to present fairly the financial
position, results of operations and cash flow for such interim period. The results of operations for the six months ended September 30,
2024 are not necessarily indicative of results to be expected for the full year of 2025. Accordingly, these unaudited financial statements
should be read in conjunction with the Company’s audited financial statements as of and for the period from October 12, 2023 (inception)
through March 31, 2024.

Uses of estimates

In preparing the unaudited financial
statements in conformity U.S. GAAP, the management makes judgements, estimates and assumptions that affect the application of policies
and reported amounts of assets, liabilities and expenses. The estimates and associated assumptions are based on historical experience
and various other factors that are believed to be reasonable under the circumstances, the results of which form the basis of making