Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 216

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 216
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 |       |
| Condensed Consolidated Balance Sheets as of September 30, 2024 (unaudited) and March 31, 2024                                         |     | F-57  |
| Unaudited Condensed Consolidated Statements of Operations and Comprehensive Loss for the Six Months Ended September 30, 2024 and 2023 |     | F-58  |
| Unaudited Condensed Statements of Changes in Shareholders’ Equity for the Six Months Ended September 30, 2024 and 2023                |     | F-59  |
| Unaudited Condensed Consolidated Statements of Cash Flows for the Six Months Ended September 30, 2024 and 2023                        |     | F-60  |
| Notes to Unaudited Condensed Consolidated Financial Statements                                                                        |     | F-61  |
| RF ACQUISITION CORP.                                                                                                                  |     |       |
| Audited Financial Statements                                                                                                          |     |       |
| Report of Independent Registered Public Accounting Firm (PCAOB ID #688)                                                               |     | F-96  |
| Balance Sheets as of December 31, 2024 and 2023                                                                                       |     | F-97  |
| Statements of Operations for the twelve months ended December 31, 2024 and December 31, 2023                                          |     | F-98  |
| Statements of Changes in Stockholders’ Deficit for twelve months ended December 31, 2024, and December 31, 2023                       |     | F-99  |
| Statements of Cash Flows for twelve months ended December 31, 2024 and December 31, 2023                                              |     | F-101 |
| Notes to Financial Statements                                                                                                         |     | F-102 |

<div align='center'>F-1

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM</div>

To the Shareholders and Board of Directors of GCL Global Holdings Ltd

Opinion on the Financial Statements

We have audited the accompanying balance sheet of
GCL Global Holdings Ltd (the “Company”) as of March 31, 2024, the related statements of operations, changes in shareholders’
deficit and cash flows for the period from October 12, 2023 (inception) through March 31, 2024, and the related notes (collectively
referred to as the “financial statements”). In our opinion,