Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 62

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 62
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 Hongkong and Shanghai Banking Corporation Limited, Singapore Branch (the “HSBC term loan
facility”) and the Offeror’s cash on hand. The HSBC term loan facility is secured by all assets of GCL Global Pte Ltd, carries
a tenure of five years, and bears a floating interest rate ranging from 2.5% to 7.5%. Repayments are to be made quarterly, with the final
installment due in July 2030.

Ban Leong is a leading Singapore-based distributor
of IT hardware, gaming components, and smart technology, with operations across Singapore, Malaysia, and Thailand. Ban Leong serves as
an authorized distributor for major brands such as Razer, NVIDIA, and Samsung. The acquisition aligns with GCL’s strategy to expand
its bundled gaming product offerings and enhance its distribution network in Asia. The transaction is expected to generate revenue synergies
through cross-selling opportunities and cost synergies from integrated procurement and logistics. GCL anticipates the acquisition will
have a positive impact on its financial performance.

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The acquisition became probable on May 27, 2025,
when the Offeror received valid acceptances exceeding 50% of Ban Leong’s total issued share capital. Subsequently on July 2, 2025,
the Offeror announced the successful close of its voluntary unconditional cash offer for Ban Leong. The Offeror received valid acceptance
for 104,122,998 ordinary shares, representing 96.59% of the total issued share capital, at the offer price of S$0.6029 per share. As
the Offeror has received valid acceptances of more than 90% of the total number of issued shares of Ban Leong, the Offeror exercised
its right of compulsory acquisition under the Companies Act 1967 of Singapore. As of the date of this prospectus, Ban Leong is a wholly-owned
subsidiary of Epicsoft Asia Pte. Ltd. and effective August 26, 2025, Ban Leong was officially delisted from the SGX-ST.

The following unaudited pro forma condensed combined
balance sheet, unaudited pro forma condensed combined statement of income and comprehensive income, and the explanatory notes give effect
to the mergers of Ban Leong Technologies Limited and Epicsoft Asia Pte. Ltd., a wholly-owned subsidiary of GCL Global Holdings Ltd.

The unaudited pro forma condensed combined statement
of income and comprehensive