Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 395

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 395
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 Grand Centrex Limited, GCL Global Limited, and
RF Dynamic LLC, (b) the business combination and related transactions, and (c) all other related proposals.

At the Special Meeting, the
stockholders of record were provided the opportunity to exercise their redemption rights. Holders of 1,522,973 shares of Class A common
stock exercised their redemption rights at a per share redemption price of approximately $11.55. Following the redemption, the Company
had a total of 51,396 shares of Class A common stock subject to possible redemption outstanding.

On October 30, 2024, the Company
received written notice from the listing qualifications department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that
the Company had not regained compliance with Nasdaq Listing Rule 5450(a)(2) within the 180-calendar day compliance period. Subsequently,
the Company appealed this determination and requested a hearing to the Nasdaq Hearings Panel (the “Panel”). On November 6,
2024, Nasdaq granted the Company a hearing on December 19, 2024 with the Panel.

On January 21, 2025, the Company
received a written notice from Nasdaq stating that, based on the information presented at the hearing on December 19, 2024, the Panel
has determined to grant the Company’s request for continued listing on Nasdaq, subject to the Company demonstrating compliance with
Listing Rule 5405 on or before March 23, 2025.

On February 13, 2025, the
Company consummated its business combination with GCL Global Holdings Ltd., pursuant to the terms of the agreement and plan of merger,
dated October 18, 2023 (as amended), by and among the Company, GCL Global Holdings Ltd, Grand Centrex Limited, GCL Global Limited, and
RF Dynamic LLC.

<div align='center'>F-120

PART II
INFORMATION NOT REQUIRED IN PROSPECTUS</div>

Item 6. Indemnification of Directors and Officers

The laws of the Cayman Islands do not limit the extent to which a company’s memorandum and articles of association may provide for indemnification of officers and directors, except to the extent any such provision may be held by the Cayman Islands courts to be contrary to public policy, such as to provide indemnification against willful default, willful neglect, fraud or the consequences of committing a crime.

The Company’s Articles Amended and Restated