GCL Global Holdings Ltd (GCL) AI Dilution Summary

GCL reported cash of $36,577,264 at the 2026-03-31 balance-sheet date, against estimated monthly burn of $874,734. After that date, subsidiary 4Divinity SG raised $9,000,000 on 2026-07-31 by selling its own ordinary shares to an outside investor, and GCL paid out $3,180,000 on 2026-04-28 to partly redeem its senior unsecured notes. The April 2026 Warrant is the main dilution driver because it is the only price-linked instrument.