Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 375

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 375
---
 2024 and December, 2023. Such shares, if redeemed, only participate in their pro rata share of trust earnings.
Diluted income (loss) per share includes the incremental number of common shares to be issued to settle warrants and rights, as calculated
using the treasury method. For the twelve months ended December 31, 2024 and December, 2023 the Company did not have any dilutive warrants,
rights, securities or other contracts that could potentially, be exercised or converted into common shares. As a result, diluted income
(loss) per common share is the same as basic income (loss) per common share for all periods presented. Potentially diluted Class B shares
subject to forfeiture upon the underwriter’s non exercise of the over-allotment option were excluded from the calculation for the
period up until March 30, 2022 when 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           |     |                             |           |   |     |                |           |   |     |                             |           |   |     |                |           |