Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 267

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 267
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loss) income |     | $ |     (1,957,135 | ) |     | $ |      2,089,212 |

The following tables summarizes the consideration
transferred to acquired Martiangear at the date of acquisition:

| Share issuance*                   |     | $ | 687,348 |
| Cash consideration                |     |   | 148,000 |
| Total consideration at fair value |     | $ | 835,348 |

The following table summarizes the fair value of
the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase price allocation at
the date of the acquisition of Martiangear:

|                                  |     | Fair value       
 as of            
 acquisition date |         |   |
| Total consideration              |     |                  | 835,348 |   |
| Less: net assets of Martiangear: |     |                  |         |   |
| Cash                             |     |                  |   8,263 |   |
| Accounts receivable              |     |                  |   4,808 |   |
| Inventory                        |     |                  |  92,889 |   |
| Intangible asset                 |     |                  |  85,675 |   |
| Total assets                     |     |                  | 191,635 |   |
| Accounts payable                 |     |                  | (17,457 | ) |
| Deferred tax liability           |     |                  | (13,197 | ) |
| Total liabilities                |     |                  | (30,654 | ) |
| Total net assets of Martiangear  |     |                  | 160,981 |   |
| Goodwill                         |     | $                | 674,367 |   |

<div align='center'>F-40

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

The purchase price was allocated to the identifiable
intangible assets acquired and liabilities assumed based on their acquisition date estimated fair values. The identifiable intangible
assets principally included license and trademark, with estimated useful lives of 7.45 years and 0.82 year, respectively, based on
the expected future economic benefit of the assets and are being amortized over the estimated useful life in proportion to the economic
benefits consumed using the straight-line method.

The Company, with the assistance of a third-party
appraiser, assessed the fair value of the 100% equity interest