Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 53

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 53
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ers to have an independent
compensation committee with a minimum of two members, a nominating committee, and an independent audit committee with a minimum of three
members. PubCo, as a foreign private issuer, with the exception of needing an independent audit committee composed of at least three members,
is not subject to these requirements. The Nasdaq Listing Rules may also require shareholder approval for certain corporate matters that
PubCo’s home country’s rules do not. Following Cayman Islands governance practices, as opposed to complying with the requirements
applicable to a U.S. company listed on Nasdaq, may provide less protection to you than would otherwise be the case.

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

PubCo’s securities are
listed on Nasdaq in connection with the Business Combination. PubCo cannot assure you that its securities will continue to be listed on
Nasdaq.

In addition, in order to maintain
its listing on Nasdaq, PubCo is required to comply with certain rules of Nasdaq, including those regarding minimum shareholders’
equity, minimum share price, minimum market value of publicly held shares, and various additional requirements. Even if PubCo initially
meets the listing requirements and other applicable rules of Nasdaq, PubCo may not be able to continue to satisfy these requirements and
applicable rules. If PubCo is unable to satisfy Nasdaq criteria for maintaining its listing, its securities could be subject to delisting.

If Nasdaq subsequently delists
its securities from trading, PubCo could face significant consequences, including:

| ● | a limited availability for market quotations for its securities; |

| ● | reduced liquidity with respect to its securities; |

| ● | a determination that its ordinary shares is a “penny stock,” which will require brokers trading                                        
 in PubCo Ordinary Shares to adhere to more stringent rules and possibly result in a reduced level of trading activity in the secondary 
 trading market for PubCo Ordinary Shares;                                                                                              |

| ● | limited amount of news and analyst coverage; and |

| ● | a decreased ability to issue additional securities or obtain additional financing in the future. |

You may face difficulties in protecting your interests, and your ability to protect your rights through