Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 79

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 79
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 Class A and Class B common shares, non-redeemable                  |     | $            |     (0.01 | ) |     |              |             |   |     |             |             |   |     |      |     | $         |       (0.01 | ) |
| Basic and diluted weighted average of ordinary shares outstanding                                        |     |              |           |   |     |              |  25,916,468 |   |     |             |             |   |     |      |     |           |             |   |
| Basic and diluted loss per share                                                                         |     |              |           |   |     | $            |       (0.02 | ) |     |             |             |   |     |      |     |           |             |   |

| (1) | Derived from the unaudited condensed statement of operations of RF                                                                          
 Acquisition Corp (“RFAC”) for the six months ended June 30, 2024. See RFAC’s unaudited condensed financial statements and the related notes 
 included elsewhere in RFAC’s Quarterly Report on Form 10-Q filed on August 23, 2024.                                                        |

| (2) | Derived from the unaudited condensed consolidated  statement of operations and comprehensive loss of GCL Global Limited (“GCL Global”)  for the six months ended September 30, 2024. See GCL Global’s unaudited condensed consolidated 
 financial statements and the related notes appearing elsewhere in this prospectus.                                                                                                                                                     |

<div align='center'>43

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS
FOR THE YEAR ENDED MARCH 31, 2024</div>

|                                                                                                          |     | (1)          
 RFAC         
 (Historical) |            |   |     | (2)          
 GCL Global   
 (Historical) |             |   |     | Actual      
 Redemptions 
 Transaction 
 Accounting  
 Adjustments |             |   |     | Note |     | Pro Forma 
 Combined  |             |   |
|:---------------------------------------------------------------------------------------------------------|:----|:-------------|-----------:|:--|:----|:-------------|------------:|:--|:----|:------------|------------:|:--|:----|:-----|:----|:----------|------------:|:--|
| Revenues                                                                                                 |     | $            |          - |   |     | $