Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 220

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 220
---
div>

|                                                            |     | For the          
 period from      
 October 12, 2023 
 (inception)      
 through          
 March 31, 2024   |        |   |
|:-----------------------------------------------------------|:----|:-----------------|-------:|:--|
| Cash Flows from Operating Activities:                      |     |                  |        |   |
| Net loss                                                   |     | $                | (4,619 | ) |
| Changes in operating assets and liabilities:               |     |                  |        |   |
| Amount due to a related party                              |     |                  |  4,619 |   |
| Net cash used in operating activities                      |     | $                |      — |   |
| Net Change in Cash                                         |     |                  |      — |   |
| Cash at beginning of period                                |     |                  |      — |   |
| Cash at end of period                                      |     | $                |      — |   |
| Supplemental disclosure of non-cash operating activities   |     |                  |        |   |
| General and administrative expense paid by a related party |     | $                |  4,619 |   |

<div align='center'>The
accompanying notes are an integral part of these financial statements.

F-6

GCL GLOBGAL HOLDINGS LTD

NOTES TO FINANCIAL STATEMENTS

(Amounts in U.S. Dollars, except for number of shares)</div>

NOTE 1 — BUSINESS DESCRIPTION

Business

GCL GLOBAL HOLDINGS LTD (the “Company”
or “PubCo”) was incorporated as a Cayman Islands exempted company limited by shares on October 12, 2023. The Company
was formed solely for the purpose of completing the transactions contemplated by the Merger Agreement, dated as of October 18, 2023
(as may be further amended, supplemented, or otherwise modified from time to time, the “Merger Agreement”). The parties to
the Merger Agreement include PubCo, Grand Centrex Limited, a British Virgin Islands business company (“GCL BVI”), GCL Global
Limited, a Cayman Islands exempted company limited by shares (“GCL Global”), RF Acquisition Corp., a Delaware corporation
(“RFAC”), and RF Dynamic LLC, a Delaware limited liability company (the “Sponsor”).

Pursuant to the Merger Agreement, PubCo will form
two wholly-owned subsidiaries for the purpose of participating in the