Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 299

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 299
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 in the statement of cash flows:

|                                                      |     | September 30, |            |     | September 30, |           |
|                                                      |     |          2024 |            |     |          2023 |           |
| Cash and cash equivalents                            |     |               |  7,727,167 |     |               | 4,207,779 |
| Restricted cash                                      |     |               |  2,577,553 |     |               | 1,633,561 |
| Total cash and cash equivalents, and restricted cash |     |               | 10,304,720 |     |               | 5,841,340 |

<div align='center'>The accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

F-60

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 1 — Nature of business and organization

GCL
Global Limited (“GCL Global” or the “Company”) was incorporated and registered as an exempted Company with limited
liability on September 8, 2023, under the laws of the Cayman Islands. GCL Global is a holding Company and has no substantive operations
other than holding all of the outstanding equities of its directly and indirectly owned subsidiaries through various recapitalizations.
GCL Global and its subsidiaries are hereafter referred as the Company.

The
Company, through its subsidiaries in Singapore, Malaysia, and Hong Kong, operates its business in four segments, 1) distribution of console
games, 2) game publishing, 3) media advertising service, and 4) others.

—
Reorganization under GCL Global Pte. Ltd (“GCL Global SG”)

GCL
Global SG was incorporated on July 26, 2021, under the laws of Singapore. GCL Global SG is a holding Company and has no substantive
operations other than holding all of the outstanding equities of Epic SG, 4Divinity SG, 2Game, and Starlight.

On
June 30, 2023, GCL Global SG completed the acquisition of 100% of the equity interests in Titan Digital Media Pte Ltd (“Titan
Digital”), which was held under common control with Grand Centrex Limited (“GCL BVI”). The transaction was executed
with a consideration of SGD 10. GCL Global SG and Titan