Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 271

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 271
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 the year 
          ended 
 March 31, 2023 |     |   |   For the year 
          ended 
 March 31, 2022 |
|:-------------------------------|:----|:--|---------------:|:----|:--|---------------:|
| Unaudited pro forma revenue    |     | $ |     77,444,155 |     | $ |     65,827,057 |
| Unaudited pro forma net income |     | $ |      2,140,643 |     | $ |      4,586,525 |

The following tables summarizes the consideration
transferred to acquired 2Game at the date of acquisition:

| Cash                                      |     | $ |     6,550 |
| *Contingent consideration for acquisition |     |   | 3,360,848 |
| Total consideration at fair value         |     | $ | 3,367,398 |

| * | As of the acquisition date of 2Game, the fair value of the                                                                                      
 contingent consideration for acquisition was determined to be $3,360,848, which included around $55,000 outperformance consideration.           
 Subsequently, the change of fair value of the contingent consideration for acquisition was amounted to a loss $272,029 and $932,152 for         
 the years ended March 31, 2024 and 2023, respectively. As March 31, 2023, the fair value of contingent consideration for                        
 acquisition was amounted to $4,293,000, of which $759,000 and $3,534,000 were recognized at current and non-current portion at the consolidated 
 balance sheets, respectively. As March 31, 2024, the fair value of contingent consideration for acquisition amounted to $3,697,000,             
 of which $2,319,000 and $1,378,000 were recognized at current and non-current portion at the consolidated balance sheets, respectively.         
 The fair value of the contingent consideration as of September 1, 2022 and March 31, 2024 and 2023 were estimated by applying                   
 income approach which considers the present value of the expected future payment, discounted using a risk-adjusted discount rate of 5.3%,       
 as of September 1, 2022, March 31, 2024 and 2023, which are not observable in the market (level 3 inputs).                                      |

In October 2023, the