Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
On May 19, 2026, GCL Global Holdings Ltd issued a press release relating
to acceptance of a strategic investment. A copy of the press release is being furnished as Exhibit 99.1 hereto.
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Exhibit 99.1
GCL Announces Expanded Strategic Investment from ADATA Technology
to Accelerate Global Entertainment and Digital Growth
SINGAPORE – May 19, 2026 –
GCL Global Holdings Ltd (Nasdaq: GCL) (“GCL” or the “Company”), a leading provider of games and entertainment,
today announced that its publishing subsidiary, 4Divinity Pte. Ltd. (“4Divinity”), has received an additional $10.0 million
strategic investment from ADATA Technology Co., Ltd. (“ADATA”), a world leader in memory and storage solutions, following
ADATA’s initial investments of $3.0 million announced in December 2025 and $10.0 million announced in January 2026. The investment
provides 4Divinity with the capital to continue securing high-profile global game titles, enhancing its digital distribution infrastructure,
and strengthening its position as a leading game publisher in the international market.
Beyond capital, the investment offers significant potential for operational
synergies. ADATA and 4Divinity intend to explore strategic tie-ins, creating a unique value proposition for gamers worldwide.
With this additional $10 million, ADATA is reinforcing support for
4Divinity’s growth while advancing opportunities to combine ADATA’s hardware innovation with 4Divinity’s growing portfolio
of game IP to deliver new experiences for gamers worldwide.
“ADATA has been an exceptional strategic partner, and this latest
commitment further strengthens our shared vision for 4Divinity’s global growth,” said Sebastian Toke, Group CEO of GCL. “With
ADATA’s continued support, we are well positioned to accelerate our publishing strategy, secure high-quality game titles, and expand
our international distribution capabilities. Just as importantly, this additional investment creates exciting opportunities to marry gaming
content with ADATA’s industry-leading hardware technologies, allowing us to deliver innovative, IP-driven experiences to players
around the world.”
About GCL Global Holdings
GCL Global Holdings Ltd. (“GCL”) is a holding company incorporated
in the Cayman Islands (GCL together with its subsidiaries, the “GCL Group”). Through its operating subsidiaries, GCL Group
unites people through its ecosystem of content and hardware in games and entertainment, enabling creators to deliver engaging experiences
to gaming communities worldwide with a strategic focus on the rapidly expanding Asian gaming market.
Drawing on a deep understanding of gaming trends
and market dynamics, GCL Group leverages its diverse portfolio of digital and physical content as well as multimedia peripherals to bridge
cultures and reach a global audience by introducing Asian-developed IP across consoles and PCs. Learn more at https://www.gclglobalholdings.com/
About 4Divinity
4Divinity is a digital and retail games publishing
company and an indirect majority-owned subsidiary of GCL, focused on bringing exciting game content from around the world to Asia and
introducing Asian content to a global market. Along with its sister company, Epicsoft Asia, 4Divinity is partnering with publishers and
development studios to introduce brand-new IP to the region. https://www.4divinity.com/
About ADATA – Innovating the Future
ADATA Technology is the world’s second-largest manufacturer of DRAM
memory and branded solid state drives, ranked top 25 among Best Taiwan Global Brands. ADATA’s main product lines include memory modules,
solid state drives, consumer electronics, and industrial solutions. The company has also expanded into enterprise storage under the TRUSTA
brand, AI AMR robots, electric vehicles, and gaming products through its XPG brand. ADATA’s products have garnered wide international
acclaim over the years including iF Design, Red Dot Design, and Taiwan Excellence awards. Looking to the future, ADATA remains committed
to its sustainable vision of “Innovate Today, Embrace Tomorrow.” The company continues to embody the “hummingbird spirit”
as it uses innovative technology to create a smart and colorful life for people everywhere. For more information, please visit www.adata.com.
Forward-Looking Statements
This press release includes “forward-looking statements”
made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995, and may be identified
by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,”
“will,” “expect,” “anticipate,” “believe,” “seek,” “target” or
other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking
statements may also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial
and performance metrics, projections of market opportunity and expectations, the estimated implied enterprise value of GCL, GCL’s
ability to scale and grow its business, the advantages and expected growth of GCL, and GCL’s ability to source and retain creative
talent and publish games. These statements are based on various assumptions, whether or not identified in this press release, and on the
current expectations of GCL’s management and are not predictions of actual performance.
These statements involve risks, uncertainties and other factors that
may cause actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied
by these forward-looking statements. Although GCL believes that it has a reasonable basis for each forward-looking statement contained
in this press release, GCL cautions you that these statements are based on a combination of facts and factors currently known and projections
of the future, which are inherently uncertain. In addition, there are risks and uncertainties described in GCL’s annual report on
Form 20-F for the fiscal year ended March 31, 2025, as amended, and other documents filed by GCL from time to time with the SEC. These
filings may identify and address other important risks and uncertainties that could cause actual events and results to differ materially
from those contained in the forward-looking statements. GCL cannot assure you that the forward-looking statements in this press release
will prove to be accurate. There may be additional risks that GCL presently knows or that GCL currently believes are immaterial that could
also cause actual results to differ from those contained in the forward-looking statements. In light of the significant uncertainties
in these forward-looking statements, nothing in this press release should be regarded as a representation by any person that the forward-looking
statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved.
The forward-looking statements in this press release represent the views of GCL as of the date of this press release. Subsequent events
and developments may cause those views to change. However, while GCL may update these forward-looking statements in the future, there
is no current intention to do so, except to the extent required by applicable law. You should, therefore, not rely on these forward-looking
statements as representing the views of GCL as of any date subsequent to the date of this press release. Except as may be required by
law, GCL does not undertake any duty to update these forward-looking statements.
GCL Investor Relations:
Crocker Coulson
crocker.coulson@aumadvisors.com
(646) 652-7185
