Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 254

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 254
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 |     | $     |   954,399 |     | $     | 1,751,850 |
| Hong Kong               |     |       |    19,118 |     |       |   136,784 |
| Malaysia                |     |       |   151,171 |     |       |   214,644 |
| Others                  |     |       |    61,011 |     |       |         - |
| Total long-lived assets |     | $     | 1,185,699 |     | $     | 2,103,277 |

Note 26 — Subsequent Events

The Company evaluated all
events and transactions that occurred after March 31, 2025. Other than the event disclosed below and elsewhere in these consolidated financial
statements, there is no other subsequent event occurred that would require recognition or disclosure in the Company’s consolidated
financial statements.

On April 1, 2025, 4Divinity JP was established under the laws of Japan
to serve as the Company’s legal entity presence in Japan, facilitating anticipated business activities and supporting future commercial
operations in the region.

<div align='center'>F-57

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

On April 30, 2025,
Epicsoft Asia (the “Offeror”) made a voluntary conditional cash offer (the “Offer”) of S$0.6029 per share
(approximately US$0.4580 per share) to acquire all of the issued and paid-up ordinary shares in the capital of Ban Leong
Technologies Limited (“Ban Leong”), a Singaporean company listed on the Singapore Exchange Securities Trading Limited
(“SGX-ST”). The Offer became unconditional on May 27, 2025. As the Offeror has received valid acceptances of more than
90% of the total number of issued shares of Ban Leong, the Offeror is entitled to, and will be exercising its right of compulsory
acquisition under the Companies Act 1967 of Singapore. Subsequent to the completion of the compulsory acquisition which is currently
expected to take place on or around August 25, 2025, Ban Leong will be officially delisted from the SGX-ST. Cash consideration of
the Offer will be financed through a combination of an approximately $38.7 million secured term loan facility provided by The
Hongkong