Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 156

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 156
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 Share at $11.50 per share.

Upon expiration of a lock-up period which is twelve months after the
closing of the Business Combination, and for so long as the effective registration statement of which this prospectus forms a part is
available for use, Epicsoft Ventures and the Sponsor, collectively the beneficial owners of 83,456,793 PubCo Ordinary Shares, constituting
approximately 66.1% of the issued and outstanding PubCo Ordinary Shares as of the date of this prospectus, can sell under this prospectus
(assuming all Warrants are exercised in full), up to 87,907,293 PubCo Ordinary Shares constituting approximately 69.6% of the issued and
outstanding PubCo Ordinary Shares as of the date of this prospectus and approximately 61.6% of the issued and outstanding PubCo Ordinary
Shares (assuming all Warrants are exercised in full). The lock-up restrictions can be waived by PubCo at any time. Given the substantial
number of PubCo Ordinary Shares being registered for potential resale by the Selling Shareholders pursuant to this prospectus, the sale
of shares by the Selling Shareholders, or the perception in the market that the holders of a large number of PubCo Ordinary Shares intend
to sell their shares, could increase the volatility of, or result in a significant decline in, the public trading price of the PubCo Ordinary
Shares. See “Shares Eligible for Future Sales” for more details.

<div align='center'>93</div>

Sales of a substantial number
of PubCo Ordinary Shares in the public market by the Selling Shareholders and/or by our other existing shareholders, or the perception
that those sales might occur, could result in a significant decline in the public trading price of the PubCo Ordinary Shares and could
impair PubCo’s ability to raise capital through the sale of additional equity securities. Because the prices at which certain Selling
Shareholders acquired the securities that they may sell pursuant to this prospectus may be lower than that of PubCo’s public shareholders,
certain Selling Shareholders may still experience a positive rate of return on the securities that they sell pursuant to this prospectus,
and be incentivized to sell such shares, when PubCo’s public shareholders may not experience a similar rate of return. Based on
the closing price of the PubCo Ordinary Shares of $1.98 as of March 28, 2025, the Sponsor (with respect to the Sponsor Founder shares)
may experience potential profit of up to