Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 68

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 68
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 on Form 20-F within four months of the end of each fiscal year. In addition, we expect to publish our results on a quarterly
basis through press releases, distributed pursuant to the rules and regulations of Nasdaq. Press releases relating to financial results
and material events will also be furnished to the SEC on Form 6-K. However, the information we are required to file with or furnish to
the SEC will be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers. Accordingly,
you may receive less or different information about us than you would receive about a U.S. domestic public company.

We could lose our status as
a foreign private issuer under current SEC rules and regulations if more than 50% of our outstanding voting securities become directly
or indirectly held of record by U.S. holders and any one of the following is true: (1) the majority of our directors or executive officers
are U.S. citizens or residents; (2) more than 50% of our assets are located in the United States; or (3) our business is administered
principally in the United States. If we lose our status as a foreign private issuer in the future, we will no longer be exempt from the
rules described above and, among other things, will be required to file periodic reports and annual and quarterly financial statements
as if we were a company incorporated in the United States. If this were to happen, we would likely incur substantial costs in fulfilling
these additional regulatory requirements and members of our management would likely have to divert time and resources from other responsibilities
to ensuring these additional regulatory requirements are fulfilled.

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The IRS may not agree with the position that we should be treated as a foreign corporation for U.S. federal income tax purposes following the Business Combination, which could have a material adverse effect on our financial position and results from operations and on non-U.S. holders’ securities.

Although
we are incorporated under the laws of the Cayman Islands, the IRS may assert that we should be treated as a U.S. corporation (and,
therefore, a U.S. tax resident) for U.S. federal income tax purposes pursuant to section 7874 of the Code. For U.S. federal
income tax purposes, a corporation is generally considered a tax resident in the jurisdiction of its organization or incorporation. Because
we are incorporated under the laws of the Cayman Islands, we would generally be classified as