Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 62

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 62
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 |       |     |                    |              |   |
| Basic and diluted                                                                        |     |     |  107,156,840 |   |     |           |              |   |     |           |              |   |     |                       |            |   |     |       |     |                    |  107,156,840 |   |

37 GCL GLOBAL HOLDINGS LTD AND SUBSIDEARIES Notes to Unaudited Pro Forma Condensed Combined Financial Statements (Expressed in U.S. dollar, except for the number of shares, or otherwise noted) 1. Basis of presentation The unaudited pro forma condensed combined financial statements should be read in conjunction with the consolidated financial statements and the related notes thereto of Ban Leong (included herein) as well as those of GCL. The audited consolidated financial statements referred to above for GCL were included in the Annual Report on Form 20-F for the year ended March 31, 2025. The audited consolidated financial statements referred to above for Ban Leong are contained herein. The unaudited pro forma condensed combined statement of income and comprehensive income for the year ended March 31, 2025 have been prepared as if the mergers of Ban Leong Technologies Limited and Epicsoft Asia Pte. Ltd. had been consummated on April 1, 2024. The unaudited pro forma condensed combined balance sheet as of March 31, 2025 has been prepared as if the mergers of Ban Leong Technologies Limited and Epicsoft Asia Pte. Ltd. was consummated on March 31, 2025. 2. Preliminary Purchase Price Allocation GCL accounted for the acquisition of Ban Leong as a business combination under U.S. GAAP. The total consideration transferred was allocated to the identifiable assets acquired and liabilities assumed based on their estimated fair values as of the acquisition date. The purchase price exceeded the net fair value of the identifiable assets, resulting in the recognition of goodwill, which primarily reflects the expected synergies from combining operations and Ban Leong’s established market position. The following table summarizes the total consideration paid to acquire 100% of Ban Leong’s issued share capital:

|                               |     | March 31, 
 2025      |            |
|:------------------------------|:----|:----------|-----------:|
| Total cash consideration paid |     | $         | 48,338,143 |

| ● | The total                                                                                                                                    
 cash consideration of approximately US$