Company: GCL
Filing Date: 2025-02-20
Form Type: 20FR12B
Source: 0001213900-25-015736
Chunk: 7

Company: GCL Global Holdings Ltd
Filing Date: 2025-02-20
Form: 20FR12B
Chunk 7
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ation of the Business
Combination are set forth in the Form F-4 in the section entitled “Management of Pubco Following the Business Combination”
and is incorporated herein by reference. Unless otherwise indicated in Item 6.A below, the business address for each of the Company’s
directors and members of Executive Management is 29 Tai Seng Avenue #02-01, Natural Cool Lifestyle Hub, Singapore 534119.

B. Advisers

Not applicable.

C. Auditors

Marcum LLP acted as RFAC’s
independent registered public accountant since 2021 through February 14, 2025.

Marcum Asia CPAs LLP ("Marcum Asia") has acted as GCL Global's
independent registered public accounting firm since 2023 and as PubCo’s independent registered public accounting firm since 2024.
Following the consummation of the Business Combination, Marcum Asia remains as the independent auditor of PubCo.

ITEM 2. OFFER STATISTICS AND EXPECTED TIMETABLE

Not applicable.

ITEM 3. KEY INFORMATION

A. Reserved

B. Capitalization and Indebtedness

Not applicable.

C. Reasons for the Offer and Use of Proceeds

Not applicable.

D. Risk Factors

The risk factors associated with the Company are described in the Form F-4 in the section entitled “ Risk Factors” which are incorporated herein by reference.

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ITEM 4. INFORMATION ON THE COMPANY

A. History and Development of the Company

The Company was incorporated under the laws of the Cayman Islands on
October 12, 2023 solely for the purpose of effectuating the Business Combination, which was consummated on February 13, 2025. See “Explanatory Note” above for further details of the Business Combination. See also a description of the material terms of the Business Combination
as described in the Form F-4 in the section entitled, “The Business Combination Proposal”. The Company owns no material
assets other than its interests in GCL Global and RFAC acquired in the Business Combination and does not operate any business other than
through GCL Global, its wholly-owned subsidiary. GCL Global is Cayman Islands exempted company. See “Item 5-Operating and Financial Review and Prospects” for a discussion of GCL Global’s operating and financial review and prospects for the year ended
March 31, 2024.

The mailing address of the Company’s principal executive office is 29