Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 138

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 138
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, 2025 upon completion of the Business Combination. On May 21, 2025, we entered into a Securities Purchase Agreement with an investor for the issuance of approximately $2.9 million senior unsecured convertible note, issued at a discount for gross proceeds of approximately $2.6 million. The agreement also provides the investor with the right to purchase up to an additional $42.6 million in convertible notes in specified increments, which may provide additional liquidity if exercised. Our future operations are highly dependent on a combination of factors, including but not necessarily limited to changes in the demand for our products or services, local government policy, economic conditions, and competition in the gaming industries. However, based on the above considerations, our management is of the opinion that it has sufficient funds to meet our working capital requirements and current liabilities as they become due one year from the date of issuance of these financial statements are issued. The following summarizes the key components of our cash flows for the year ended March 31, 2025, 2024, and 2023.

|                                                           |     | For the Years Ended March 31, |        2025 |   |     |   |      2024 |   |     |   |       2023 |   |
|:----------------------------------------------------------|:----|:------------------------------|------------:|:--|:----|:--|----------:|:--|:----|:--|-----------:|:--|
| Net cash (used in) provided by operating activities       |     | $                             | (10,308,634 | ) |     | $ | 1,316,296 |   |     | $ | (4,365,870 | ) |
| Net cash used in investing activities                     |     |                               |  (6,342,398 | ) |     |   |  (780,624 | ) |     |   |   (615,528 | ) |
| Net cash provided by financing activities                 |     |                               |  33,557,446 |   |     |   |   135,236 |   |     |   |  4,359,210 |   |
| Effect of exchange rate changes                           |     |                               |     138,564 |   |     |   |  (168,777 | ) |     |   |    (27,696 | ) |
| Net change in cash, cash equivalents, and restricted cash |     | $                             |