SCHEDULE 13G 0001947975 XXXXXXXX LIVE Ordinary Shares, $0.0001 par value per share 09/09/2025 0002002045 GCL Global Holdings, Ltd G3777K103 29 Tai Seng Avenue #02-01 Singapore U0 534119 Rule 13d-1(c) ATW Interactive Ventures, LLC b DE 0 13539366 0 13539366 13539366 N 9.9 OO Please see note in Item 4(a). ATW Master Fund V LP b DE 0 13539366 0 13539366 13539366 N 9.9 PN Please see note in Item 4(a). ATW Partners Opportunities Management, LLC b DE 0 13539366 0 13539366 13539366 N 9.9 IA OO Please see note in Item 4(a). Kerry Propper b X1 0 13539366 0 13539366 13539366 N 9.9 HC IN Please see note in Item 4(a). Antonio Ruiz-Gimenez b U3 0 13539366 0 13539366 13539366 N 9.9 HC IN Please see note in Item 4(a). GCL Global Holdings, Ltd 29 Tai Seng Avenue #02-01 Singapore, U0 534119 ATW Interactive Ventures, LLC* ATW Master Fund V LP* ATW Partners Opportunities Management, LLC* Kerry Propper* Antonio Ruiz-Gimenez* 1 Pennsylvania Plaza, Suite 4810 New York, New York 10119 ATW Interactive Ventures, LLC - Delaware ATW Master Fund V LP - Delaware ATW Partners Opportunities Management, LLC - Delaware Kerry Propper - United States Antonio Ruiz-Gimenez - Spain Y ATW Interactive Ventures, LLC - 13,539,366* ATW Master Fund V LP - 13,539,366* ATW Partners Opportunities Management, LLC - 13,539,366* Kerry Propper - 13,539,366* Antonio Ruiz-Gimenez - 13,539,366* *The Ordinary Shares (the "Shares") of GCL Global Holdings, Ltd (the "Issuer") reported herein represents Shares held directly by ATW Interactive Ventures, LLC (the "Holding Company") and/or the approximate amount of Shares the Holding Company can acquire through the exercise of convertible debenture. The Holding Company is wholly owned by the private fund, ATW Master Fund V LP (the "Fund"). ATW Partners Opportunities Management, LLC (the "Adviser") serves as the investment manager to the Fund. Antonio Ruiz-Gimenez and Kerry Propper are the control persons of the Adviser (the "Control Persons", and collectively with the Holding Company, Fund, and Adviser, the "Reporting Persons"). By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Holding Company. As of the date which required this filing, the Holding Company held convertible debt which is subject to a blocker which prevents the Holding Company from converting into Shares to the extent that, upon such conversion, the Holding Company, together with its affiliates, would beneficially own in excess of 9.99% of the Shares outstanding as a result of such conversion (the "Blocker"). As such, the percent of class reported herein is giving effect to the Blocker and is based upon a statement in the Issuer's Form F-1/A filed on September 5, 2025 that there were 122,572,978 Shares outstanding plus the approximate total number of Shares that the Reporting Persons have acquired and/or can acquire upon the conversion of convertible debenture subject to the Blocker in accordance with Rule 13d-3(d)(1)(i) under the Act. This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Persons pecuniary interest, if any, therein. ATW Interactive Ventures, LLC - 9.9% ATW Master Fund V LP - 9.9% ATW Partners Opportunities Management, LLC - 9.9% Kerry Propper - 9.9% Antonio Ruiz-Gimenez - 9.9% ATW Interactive Ventures, LLC - 0 ATW Master Fund V LP - 0 ATW Partners Opportunities Management, LLC - 0 Kerry Propper - 0 Antonio Ruiz-Gimenez - 0 ATW Interactive Ventures, LLC - 13,539,366* ATW Master Fund V LP - 13,539,366* ATW Partners Opportunities Management, LLC - 13,539,366* Kerry Propper - 13,539,366* Antonio Ruiz-Gimenez - 13,539,366* ATW Interactive Ventures, LLC - 0 ATW Master Fund V LP - 0 ATW Partners Opportunities Management, LLC - 0 Kerry Propper - 0 Antonio Ruiz-Gimenez - 0 ATW Interactive Ventures, LLC - 13,539,366* ATW Master Fund V LP - 13,539,366* ATW Partners Opportunities Management, LLC - 13,539,366* Kerry Propper - 13,539,366* Antonio Ruiz-Gimenez - 13,539,366* Y N Y Y Y Y N By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. Exhibit I - JOINT FILING STATEMENT ATW Interactive Ventures, LLC /s/ Kerry Propper 09/15/2025 ATW Master Fund V LP /s/ Kerry Propper 09/15/2025 ATW Partners Opportunities Management, LLC /s/ Kerry Propper 09/15/2025 Kerry Propper /s/ Kerry Propper 09/15/2025 Antonio Ruiz-Gimenez /s/ Antonio Ruiz-Gimenez 09/15/2025