Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 340

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 340
---
  Months Ended 
 September 30, 
          2023 |
|:-----------------|:----------------------|:---------------------------|:-------------|:----------------------------------------------|:-------|:-----------|--------------:|:----|:-----------|--------------:|
|                  |                       |                            |              |                                               |        | -Unaudited |               |     | -Unaudited |               |
| SEGA Corporation |                       | Shareholder of the Company |              | Purchase of console game                      |        | $          |     7,154,918 |     | $          |     4,768,968 |
| Jianhao Tan      |                       | CEO of Titan Digital       |              | Content creation for social media advertising |        |            |       153,902 |     |            |        66,860 |
| Total            |                       |                            |              |                                               |        | $          |     7,308,820 |     | $          |     4,835,828 |

Note 14 — Shareholders’ equity

The Company
was established under the laws of Cayman Islands on September 8, 2023, and authorized to issue 150,000,000 shares with a par value
of $$0.0001. On February 14, 2024, the Company completed its Reorganization under GCL Global with a sequential two-step transaction
(see Note 1). All of the outstanding ordinary shares is presented on the basis as if the Reorganization under GCL Global became effective
as of the beginning of the first period presented on April 1, 2021. As of September 30, 2024 and March 31, 2024, 25,916,468
ordinary shares were issued and outstanding which excluding 53,711 ordinary shares subject to possible redemption in mezzanine equity.
As of September 30, 2023 and March 31, 2023, 25,896,000 ordinary shares were issued and outstanding which excluding 168,711
and 150,000 ordinary shares subject to possible redemption in mezzanine equity, respectively.

On November 22,
2023, 115,000 ordinary shares subject to possible redemption in temporary equity were fully redeemed for cash consideration of $ 163,905.

On October 1,
2023, the Company collectively issued additional ordinary shares of 20,468 to the individuals (see Note 3, 2Game acquisition). As of the