Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 280

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 280
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,879 |     | $ | 12,388,590 |
| Jianhao Tan      |                       | CEO of Titan Digital       |              | CEO of Titan Digital       |              |                               |    237,311 |     |   |    667,336 |     |   |    604,258 |
|                  |                       |                            |              |                            |              | $                             | 15,833,765 |     | $ | 18,246,215 |     | $ | 12,992,848 |

Note 19 — Shareholders’ equity

GCL Global was established
under the laws of Cayman Islands on September 8, 2023, and authorized to issue 150,000,000 shares with a par value of $$0.0001. On February 13,
2024, the Company completed its Reorganization under GCL Global with a sequential two-step transaction (see Note 1). On February 13,
2025, the Company completed its reverse recapitalization under Pubco through consummating the Business Combination contemplated by the
Merger Agreement (See Note 3). All of the outstanding ordinary shares is presented on the basis as if the reverse recapitalization under
Pubco became effective as of the beginning of the first period presented on April 1, 2022. The shares and corresponding capital
amounts and all per share data related to GCL Global’s outstanding ordinary shares prior to the Reverse Recapitalization in the
accompanying consolidated financial statements have been retroactively adjusted using the Exchange Ratio of 1 for 4.0536.

Settlement of Mezzanine Equity

On November 22, 2023,
466,164 ordinary shares subject to possible redemption in temporary equity were fully redeemed for cash consideration of $ 163,905.

On February 13, 2025, 217,724
ordinary shares were reclassified from mezzanine equity to permanent equity in connection with the settlement of the Tranche 1 share
consideration related to the acquisition of Martiangear (see Note 4).

Settlement of Contingent Consideration from 2Game Acquisition

On October 1, 2023,
GCL Global issued shares to the individuals to settle tranche 3 of the contingent consideration in connection with the 2Game acquisition
and such shares were exchanged for 82,696 ordinary shares of the Company at the closing of the Business Combination. (See Note 4).

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