Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 255

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 255
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 and Shanghai Banking Corporation Limited, Singapore Branch (the “HSBC term loan facility”) and approximately
$10.0 million cash on hand from the Company. The HSBC term loan facility is secured by all assets of GCL Global
Pte Ltd, has a five-year term, bears a floating interest rate ranging between 2.5% and 7.5%, and requires quarterly repayments, with the
final installment due in July 2030.

The Company concluded that
the acquisition of Ban Leong was significant based on assessments using the income test, asset test, and investment test pursuant to S-X
Rule 3-05. Pursuant to ASC 805-10-50-2 (h). the unaudited pro forma information of the Company for the year ended March 31, 2025, 2024,
and 2023 set forth below gives effect to the business combination as if it had occurred on April 1, 2022 and combines the results of operations
of the Company since then. The unaudited pro forma information is presented after applying the Company’s accounting policies and
elimination intra-entity transactions, as applicable. The unaudited pro forma information does not include any impact of transaction synergies
and is presented for informational purposes only and is not necessarily indicative of the results of operations that would actually have
been occurred had the business combination been consummated as of that time or that may result in the future:

|                                |     | For the 
 2025    | Year ended  March 31, |     | For the 
 2024    | Year ended  March 31, |     | For the 
 2023    | Year ended  March 31, |
|:-------------------------------|:----|:--------|----------------------:|:----|:--------|----------------------:|:----|:--------|----------------------:|
| Unaudited pro forma revenue    |     | $       |           286,786,289 |     | $       |           252,275,930 |     | $       |           225,720,027 |
| Unaudited pro forma net income |     | $       |             8,083,117 |     | $       |             3,527,810 |     | $       |             6,557,743 |

Due to the timing of the
acquisition, the initial purchase accounting is incomplete. The Company is evaluating the potential effects