Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 200

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 200
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 100% of the
maximum number of ordinary shares issued or issuable pursuant to the notes, including payment of interest on the notes through the third
anniversary of the issuance date of such notes, in each case, determined as if the outstanding notes (including interest thereon) were
converted in full (without regard to any limitations on conversion contained in the notes, solely for the purpose of such calculation)
at the $0.48 floor price of the notes calculated as of the trading day immediately preceding the date this registration statement was
initially filed with the SEC. Because the conversion price and alternate conversion price of the notes may be adjusted, the number of
shares that will actually be issued may be more or less than the number of shares being offered by this prospectus. The fourth column
assumes the sale of all of the shares offered by the Selling Shareholders pursuant to this prospectus.

Under the terms of the notes,
a Selling Shareholders may not convert the notes to the extent (but only to the extent) such Selling Shareholders or any of its affiliates
would beneficially own a number of shares of our ordinary shares which would exceed 9.99% of the outstanding shares of the Company. The
number of shares in the second column reflects these limitations. The Selling Shareholders may sell all, some or none of their shares
in this offering. See “Plan of Distribution.”

|                              |     | Shares                   
 Beneficially Owned Prior 
 to Offering              |            |       |     |         |      |   |     | Shares to   
 be Sold     
 Pursuant to 
 this        |            |     | Shares       
 Beneficially 
 Owned After  
 Offering (2) |   |     |         |   |   |
| Name of Selling Stockholder  |     | Number                   |            |       |     | Percent |      |   |     | Prospectus  |            |     | Number       |   |     | Percent |   |   |
| ATW                          
 Interactive Ventures, LLC(1) |     |                          | 13,539,366 | -3)(5 |     |         | 9.99 | % |     |             | 14,480,000 |     |              | 0 |     |         | 0 | % |
| Teng                         
 Woo Boon(4)                  |     |                          |    625,000 |       |     |         |      |   |     |             |    625,000