0000000000-24-013877.txt : 20250131 0000000000-24-013877.hdr.sgml : 20250131 20241217123611 ACCESSION NUMBER: 0000000000-24-013877 CONFORMED SUBMISSION TYPE: UPLOAD PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20241217 FILED FOR: COMPANY DATA: COMPANY CONFORMED NAME: GCL Global Holdings Ltd CENTRAL INDEX KEY: 0002002045 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-PREPACKAGED SOFTWARE [7372] ORGANIZATION NAME: 06 Technology IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: UPLOAD SEC FILE NUMBER: 377-07151 BUSINESS ADDRESS: STREET 1: 29 TAI SENG AVE. STREET 2: #2-01 CITY: SINGAPORE STATE: U0 ZIP: 534119 BUSINESS PHONE: 65 80427330 MAIL ADDRESS: STREET 1: 29 TAI SENG AVE. 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Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our November 26, 2024 letter. Amendment No. 4 to Registration Statement on Form F-4 General 1. We note your revised disclosures in response to prior comment 1. We also note your response where you state that the Sponsor incentive shares were not impacted by the Convertible Note financing as such incentive shares are separate from, and not contingent on, the Convertible Notes financing. In your definitions of frequently used terms, you define Transaction Financing, which you then refer to in your definition of Incentive Shares. Your discussion of the Transaction Financing on page 41 appears to include the Convertible Notes financing. Please tell us, and revise to clarify, whether the Convertible Notes qualify as a Transaction Financing, as defined. If so, tell us, and December 17, 2024 Page 2 revise your disclosures as necessary, to clarify why the Sponsors chose not to use the Incentive Shares in conjunction with such Transaction Financing. In addition, to the extent true, revise your disclosures (including on the cover page), to clarify that you expect the Sponsor will retain the 2.0 million Incentive Shares, which are not subject to lock-up agreements and may be considered additional compensation. Please contact Kathleen Collins at 202-551-3499 if you have questions regarding comments on the financial statements and related matters. Please contact Charli Wilson at 202-551-6388 or Matthew Derby at 202-551-3334 with any other questions. Sincerely, Division of Corporation Finance Office of Technology cc: Mike Blankenship