Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 77

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 77
---
’s unaudited 
 condensed financial statements and the related notes included elsewhere in RFAC’s Quarterly Report on Form 10-Q filed on     
 August 23, 2024.                                                                                                             |

| (2) | Derived from the unaudited condensed consolidated balance sheet of GCL Global Limited (“GCL Global”) as of September 30, 2024.       
 See GCL Global’s unaudited condensed consolidated financial statements and the related notes appearing elsewhere in this prospectus. |

<div align='center'>42

UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENT OF OPERATIONS
FOR THE SIX MONTHS ENDED SEPTEMBER 30, 2024</div>

|                                                                                                          |     | (1)          
 RFAC         
 (Historical) |           |   |     | (2)          
 GCL Global   
 (Historical) |             |   |     | Actual      
 Redemptions 
 Transaction 
 Accounting  
 Adjustments |             |   |     | Note |     | Pro Forma 
 Combined  |             |   |
|:---------------------------------------------------------------------------------------------------------|:----|:-------------|----------:|:--|:----|:-------------|------------:|:--|:----|:------------|------------:|:--|:----|:-----|:----|:----------|------------:|:--|
| Revenues                                                                                                 |     | $            |         - |   |     | $            |  50,905,705 |   |     | $           |           - |   |     |      |     | $         |  50,905,705 |   |
| Cost of revenues                                                                                         |     |              |         - |   |     |              | (43,888,313 | ) |     |             |           - |   |     |      |     |           | (43,888,313 | ) |
| Operating expenses:                                                                                      |     |              |         - |   |     |              |           - |   |     |             |           - |   |     |      |     |           |           - |   |
| General and administrative expenses                                                                      |     |              |  (592,615 | ) |     |              |  (6,878,939 | ) |     |             |           - |   |     |      |     |           |  (7,471,554 | ) |
| Stock based compensation                                                                                 |     |              |