Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 232

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 232
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 shares of Nekcom for an aggregate purchase price of $ consisting of (a)
$ in cash, and (b) $ in the Company’s ordinary shares.

F-34 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS In connection with the Nekcom SPA, 262,325ordinary shares of GCL Global (the “Nekcom Consideration Shares”) and an additional 262,325ordinary shares of GCL Global (the “Nekcom Additional Consideration Shares”) were issued in the name of Nekcom on December 18, 2024 but were held in escrow until full recoupment date of the minimum guarantee (“Full Recoupment Date”) when they will be released to either Nekcom or the Company depending on the value of Nekcom Consideration Shares (the “Consideration Shares VWAP”) based on the volume weighted average price of the Consideration Shares over thirty ( 30) trading days immediately preceding the Full Recoupment Date. If the Consideration Shares VWAP exceeds $ 7,500,000, all Nekcom Consideration Shares will be released to Nekcom, and all Nekcom Additional Consideration Shares will be returned to the Company for cancellation. In the event that the Consideration Shares VWAP is below $ 7,500,000but exceeds $ 1,200,000, Nekcom will receive such number of Nekcom Additional Consideration Shares from the escrow account that would make up the shortfall, with the balance returned to the Company for cancellation. If the value of the Nekcom Additional Consideration Shares so released from the escrow account is not sufficient to make up the shortfall, the Company has agreed to either pay Nekcom cash to make up the shortfall, or issue additional shares to Nekcom and use its reasonable best efforts to register such shares for resale. If the Consideration Shares VWAP is below $ 1,200,000, the Company has agreed to pay Nekcom the shortfall between $ 7,500,000and the Consideration Shares VWAP in cash. As of March 31, 2025, the Company had remitted $ 5,000,000cash consideration towards investment in Nekcom’s Series B preferred Share and the remaining $ 2,500,000will be paid on or before August 16, 2025. However, the Nekcom Consideration Shares and Nek