Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 380

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 380
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 the underwriters exercised the over-allotment option and those 375,000 shares were no longer subject
to forfeiture.

The following table reflects
the calculation of basic and diluted net income (loss) per ordinary share (in dollars, except share amounts) for the twelve months ended
December 31, 2024, and December 31, 2023:

|                                                       |     | For the Twelve Months Ended 
 December 31, 2024           |           |   |     |                |           |   |     | For the Twelve Months Ended 
 December 31, 2023           |           |   |     |                |           |   |
|:------------------------------------------------------|:----|:----------------------------|----------:|:--|:----|:---------------|----------:|:--|:----|:----------------------------|----------:|:--|:----|:---------------|----------:|:--|
|                                                       |     | Class A,                    |           |   |     | Class A and    
 Class B,       |           |   |     | Class A,                    |           |   |     | Class A and    
 Class B,       |           |   |
|                                                       |     | redeemable                  |           |   |     | Non-redeemable |           |   |     | redeemable                  |           |   |     | Non-redeemable |           |   |
| Basic and diluted net loss per common share           |     |                             |           |   |     |                |           |   |     |                             |           |   |     |                |           |   |
| Numerator:                                            |     |                             |           |   |     |                |           |   |     |                             |           |   |     |                |           |   |
| Allocation of net income (loss), as adjusted          |     | $                           |  (448,245 | ) |     | $              |  (567,669 | ) |     | $                           |  (373,254 | ) |     | $              |  (192,164 | ) |
| Denominator:                                          |     |                             |           |   |     |                |           |   |     |                             |           |   |     |                |           |   |
| Basic and diluted weighted average shares outstanding |     |                             | 2,428,098 |   |     |                | 3,075,000 |   |     |