Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 84

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 84
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condensed combined statements of operations. As the Business Combination and related transactions are being reflected as if they had occurred
at the beginning of the period presented, the calculation of weighted average shares outstanding for basic and diluted loss per share
assumes that the shares issuable relating to the Business Combination have been outstanding for the entire period presented.

Basic and diluted loss per
share is computed by dividing pro forma net loss by the weighted average number of the shares of combined company’s common
stock outstanding during the periods.

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The unaudited pro forma condensed
combined financial information has been prepared for the six months ended September 30, 2024:

| Pro forma net loss attributable to the shareholders                   |     | $ |  (1,636,753 | ) |
| Weighted average shares outstanding – basic and diluted               |     |   | 126,276,372 |   |
| Pro forma loss per share – basic and diluted                          |     | $ |       (0.01 | ) |
| Weighted average shares calculation, basic and diluted                |     |   |             |   |
| Common Stock                                                          |     |   |             |   |
| RFAC Public share                                                     |     |   |   1,201,394 |   |
| RFAC Initial SPAC Management shares                                   |     |   |   4,875,000 |   |
| EBC Founder Shares                                                    |     |   |     200,000 |   |
| GCL Global’ s shareholders’ shares issued in the Business Combination |     |   | 120,000,000 |   |
| Rounding                                                              |     |   |         (22 | ) |
| Total weighted average shares outstanding                             |     |   | 126,276,372 |   |

The unaudited pro forma condensed
combined financial information has been prepared for the year ended March 31, 2024:

| Pro forma net loss attributable to the shareholders                   |     | $ | (32,192,574 | ) |
| Weighted average shares outstanding – basic and diluted               |     |   | 126,276,372 |   |
| Pro forma loss per share – basic and diluted                          |     | $ |       (0.25 | ) |
| Weighted average shares calculation, basic and diluted                |     |   |             |   |
| Common Stock