Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 233

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 233
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|:----|:-----|-----------:|:----|:-----|----------:|
| Investment in Nekcom             |     | $    | 15,364,229 |     | $    |         - |
| Investment in Cloudshelf Limited |     |      |     71,045 |     |      |    71,045 |
| Total                            |     | $    | 15,435,274 |     | $    |    71,045 |

Investment in Nekcom

On November 20, 2024 (“Acquisition
Date”) , the Company, Nekcom and certain significant shareholders of Nekcom entered into a Series B Preferred Stock Purchase Agreement
(the “Nekcom SPA”) pursuant to which the Company has agreed to purchase of Nekcom’s Series B Preferred Stock
that would constitute % of the total outstanding 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