Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 12

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 12
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) the portion of the principal amount to be converted, redeemed, or otherwise with respect to which this determination is being made at a 10% premium, and (y) all accrued and unpaid interest with respect to such principal amount and any accrued and unpaid late charges and such interest by (ii) $2.16, subject to anti-dilution adjustments. Private Placement of Ordinary Shares Pursuant to a Subscription Agreement dated August 22, 2025 with Teng Woo Boon (“Teng”), the Managing Director of Ban Leong, an indirect wholly-owned subsidiary of the Company, the Company has agreed to sell and issue to Teng 625,000 ordinary shares at $4.00 per share, above the then trading price of the ordinary shares, in a private placement. Resale by Selling Shareholders pursuant to this prospectus This prospectus relates to the resale from time to time of up to 15,105,000 Shares, comprised of (i) up to 14,480,000 ordinary shares by ATW issuable upon the conversion of the Notes issued pursuant to a securities purchase agreement between the Company and ATW dated as of May 21, 2025, and (ii) 625,000 ordinary shares by Teng. Of the 15,105,000 Shares being registered for resale hereby, 14,480,000 ordinary shares are being registered pursuant to registration rights granted to ATW under the ATW SPA and the Registration Rights Agreement between the parties dated May 21, 2025. The Registration Rights Agreement requires us to file a registration statement on or before August 21, 2026 to register those number of Ordinary Shares equal to the sum of (i) 100% of the maximum number of ordinary shares issuable upon conversion of the Notes (assuming for purposes hereof that (w) all Additional Notes issuable hereunder have been issued as of such date of determination, (x) the Notes are convertible at the Floor Price (as defined in the Notes) as of such applicable date of determination, (y) interest on the Notes shall accrue through the third (3rd) anniversary of the Initial Closing Date (as defined in the SPA) and will be converted in Ordinary Shares at a conversion price equal to the Floor Price as of such applicable date of determination, and (z) any such conversion shall not take into account any limitations on the conversion of the Notes set forth in the Notes), all subject to adjustment provided in the Notes (the “Required Registration Amount