Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 255

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 255
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 from combining the operations into the Company’s business
operation in console game.

— Acquisition of 2Game

On
July 31, 2022, the Company, through its 100% owned subsidiary, GCL Global SG, entered
into a share purchase agreement (the “SPA”) with three unrelated parties to acquire
a 51% equity interest in 2Game. 2Game, incorporated in Hong Kong, primarily engages in the
distribution of game codes and other related consumer items. Pursuant to the SPA, the Company
is obligated to pay an aggregate of up to $6,120,000 consideration which consist of following
five tranches to the aforementioned three parties upon certain conditions are met.

| ● | Tranche                                                              
 1 — A cash consideration of $6,550 is to be paid upon the completion 
 of the acquisition of 2Game.                                         |

| ● | Tranche                                                                          
 2 — A consideration of $2,993,450, comprised of 67% in cash and 33%              
 in shares, is to be issued upon the successful listing on the US capital market. |

| ● | Tranche                                                                                  
 3 — A consideration of $800,000, comprising 67% in cash and 33% in                       
 shares, is to be paid upon 2Game’s achievement in a gross revenue target of $19,400,000  
 and a Net Profit After Tax (NPAT) of $714,273 for the fiscal year ending March 31, 2023. |

| ● | Tranche                                                                                    
 4 — A consideration of $1,000,000, comprising 67% in cash and 33%                          
 in shares, is to be paid upon 2Game’s achievement in a gross revenue target of $31,072,773 
 and an NPAT of $893,201 for the fiscal year ending March 31, 2024.                         |

| ● | Tranche                                                                                    
 5 — A consideration of $1,320,000, comprising 67% in cash and 33%                          
 in shares, is to be paid upon 2Game’s achievement in a gross revenue target of $37,852,287 
 and an NPAT of $1,238,956 for the fiscal year ending March 31, 2025                        |

Under Tranche 3 to 5, in the event that