Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 17

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 17
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 issuer.                                                                               |

| ● | Although                                                                                          
 as a foreign private issuer, GCL is exempt from certain corporate governance standards applicable 
 to US domestic issuers, if GCL cannot continue to satisfy the listing requirements and other      
 rules of Nasdaq, GCL’s securities may be delisted, which could negatively affect the              
 price of its securities and your ability to sell them.                                            |

| ● | You                                                                                                                                     
 may face difficulties in protecting your interests, and your ability to protect your rights through U.S. courts may be limited, because 
 GCL is incorporated under Cayman Islands law.                                                                                           |

| ● | As                                                                                                                            
 a “controlled company” under the Nasdaq rules, GCL may choose to exempt itself from certain corporate governance requirements 
 that could have an adverse effect on our public shareholders.                                                                 |

| ● | GCL                                                                                                                            
 is deemed to be an “emerging growth company” and, as a result of the reduced disclosure and governance requirements applicable 
 to emerging growth companies, GCL’s Ordinary Shares may be less attractive to investors.                                       |

Risks Related to Our Securities Risks and uncertainties relating to our securities include, but are not limited to, the following:

| ● | uncertainty                                                    
 in the development of an active trading market for our shares; |

| ● | price                     
 volatility of our shares; |

| ● | sale                                                                                                                                    
 or availability for sale of substantial amounts of our shares by the Selling Shareholderss that could cause the price of our shares     
 to fall, and certain Selling Shareholders can earn a positive rate of return on their investment, even if other shareholders experience 
 a negative return;                                                                                                                      |

| ● | potential                                                                  
 dilution for existing shareholders upon our issuance of additional shares; |

| ● | trading                                                                                
 price of our shares may be impacted by sales of our shares by the holder of the Notes; |

| ● | the                                                                                               
 interests of the Selling Shareholders may not align with the interests of the other shareholders; |

| ● | we                                                                                            
 will not receive any proceeds from the resale of Ordinary Shares by the Selling Shareholders; |

| ● | volatility                                                                 
 in our share price could subject us to securities class action litigation; |

| ● | the                                                                                  
 impact of market volatility on the share price and trading volume of our securities; |

| ● | our                                                    
 policy to not pay dividends in the foreseeable future; |

| ● | if                                                                                             
 securities and industry analysts do not publish research or publish inaccurate or unfavorable  
 research or