Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 158

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 158
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 in investing
activities was approximately $6.3 million for the year ended March 31, 2025 and was attributable to approximately $0.2 million in cash
used in purchase of equipment, approximately $0.4 million payment related to achievement of tranche 3 of the contingent consideration
in connection with the 2Game acquisition, approximately $0.4 million loan to third party and approximately $5.4 million cash payment
in connection with investment in Nekcom Inc.

Net cash used in investing
activities was approximately $0.8 million for the year ended March 31, 2024 and was attributable to approximately $0.3 in cash used in
purchase of equipment and approximately $0.5 million payment related to achievement of tranche 3 of contingent consideration in connection
with the 2Game acquisition.

Net cash used in investing
activities was approximately $0.6 million for the year ended March 31, 2023 and was attributable to approximately $0.5 million in purchase
of equipment and approximately $71,000 in purchase of long-term investment.

Financing activities

Net cash provided by financing
activities was approximately $33.6 million for the year ended March 31, 2025 and was primarily attributable to (i) approximately $31.7
million proceed received from bank loans; (ii) approximately $33.0 million proceeds from convertible notes, and (iii) approximately $0.6
million proceed received from reverse recapitalization; offset by (A) approximately $28.8 million bank loans repayments; (B) approximately
$0.7 million in payments for deferred merger costs, (C) approximately $1.6 million repayments to related parties loan, (D) approximately
$63,000 of principle payments for finance lease, and (E) approximately $0.6 million cash payment in connection of acquiring additional
controlling interest in 2game.

Net cash provided by financing
activities was approximately $0.1 million for the year ended March 31, 2024 and was primarily attributable to (i) approximately $24.2
million proceed received from bank loans; (ii) approximately $4.0 million repayment from related parties; offset by (A) approximately
$25.4 million bank loans repayments; (B) approximately $0.9 million in payments for deferred merger costs, (C) approximately $1.4 million
advance to related parties, (D) approximately $0