Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 192

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 192
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5, the Company
issued to Oversea-Chinese Banking Corporation Limited (“OCBC”) certain Warrant to Purchase Ordinary Shares of GCL Global
Holdings Ltd dated as of July 7, 2025 (the “OCBC Warrant”), in connection with that certain Facility Letter dated as of October
1, 2024, as supplemented by those certain Supplemental Letters dated as of March 12, 2025 and July 7, 2025, between the Holder and Epicsoft
Asia Pte. Ltd. (the “Borrower”) which is a wholly-owned subsidiary of the Company for a financing of up to SGD5,000,000 (together,
the “Facility Agreement”). On July 29, 2025, the Company and the OCBC entered into Amendment No. 1 to the Warrant (the “Amendment”)
to clarify their commercial understanding that none of the terms of the OCBC Warrant shall have any legal effect on the Borrower and/or
the Company unless and until the entire SGD 5,000,000 has been disbursed to the Borrower by the Holder under the Facility Agreement;
and that the Holder will have no claims for penalties, damages and legal remedies of any kind against either the Company or the Borrower
for non-performance of any obligations under the OCBC Warrant. The Amendment also provides that, among other things, until the full amount
of SGD5,000,000 is disbursed by OCBC to the Borrower pursuant to the Facility Agreement, (i) the OCBC Warrant shall not be capable of
exercise of any kind, and shall remain un-exercisable; and (ii) the Holder will have no rights to Piggyback Registration (as defined
in the OCBCWarrant). Under the Amendment, the Company will have six months from the date the full amount of SGD5,000,000 is disbursed
to file a registration statement for the public resale of all of the Warrant Shares (as defined in the OCBC Warrant).

<div align='center'>109

SHARES ELIGIBLE FOR FUTURE SALES</div>

As of the date of this prospectus,
we have 126,943,225 Ordinary Shares issued and 122,572,978 Ordinary Shares outstanding, respectively. All of the Ordinary Shares issued
in connection with the Business Combination are freely transferable by persons, other than the Company’s affiliates, without restriction
or further registration under the Securities Act