Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 85

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 85
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|:--|:----|:-----------|------------:|:--|
| Net loss attributable to ordinary shareholders                                                 |     | $          |    (59,569 | ) |     | $   |   (512,287 | ) |     | $          |  (1,346,598 | ) |
| Shareholders’ equity (deficit)                                                                 |     | $          | (5,662,200 | ) |     | $   | 15,110,225 |   |     | $          |  35,075,357 |   |
| Basic and diluted weighted average shares outstanding of Class A common shares, redeemable     |     |            |  2,744,649 |   |     |     |          — |   |     |            |           — |   |
| Book value (deficit) per class A Common stock subject to possible redemption                   |     | $          |      (0.97 | ) |     | $   |          — |   |     | $          |           — |   |
| Basic and diluted weighted average shares outstanding of Class A common shares, non-redeemable |     |            |  3,075,000 |   |     |     | 25,916,468 |   |     |            | 126,276,372 |   |
| Book value (deficit) per class A Common stock, non-redeemable                                  |     | $          |      (0.97 | ) |     | $   |       0.58 |   |     | $          |        0.28 |   |

<div align='center'>50

MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS</div>

The following is a general discussion of certain material U.S. federal income tax consequences of the ownership and disposition of Ordinary Shares for a U.S. Holder (as defined below). This discussion address only U.S. Holders that acquire Ordinary Shares in this offering. This discussion is for general information purposes only and does not purport to be a complete analysis or listing of all potential U.S. federal income tax consequences that may apply to a U.S. holder as a result of the ownership and disposition of Ordinary Shares. In addition, this discussion does not address all aspects of U.S. federal income taxation that may be relevant to particular holders nor does it take into account the individual facts and circumstances of any particular holder that may affect the U