Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 51

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 51
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 to utilize certain exemptions from the corporate governance requirements of the
Nasdaq Stock Market. GCL’s status as a controlled company could cause its securities to look less attractive to certain investors
or otherwise harm the trading price.

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As a controlled company,
GCL is qualified for, and our board of directors, the composition of which may be controlled by Mr. Choo, may rely upon, exemptions from
several of Nasdaq’s corporate governance requirements, including requirements that:

| ● | a majority of the board of directors consist of independent directors; |

| ● | compensation of officers, including that of the CEO, be determined or recommended                                                   
 to the board of directors by a majority of its independent directors or by a compensation committee comprised solely of independent 
 directors; and                                                                                                                      |

| ● | director nominees be selected or recommended to the board of directors by a                                            
 majority of its independent directors or by a nominating committee that is composed entirely of independent directors. |

Accordingly, to the extent
that we may choose to rely on one or more of these exemptions, Public Shareholders would not be afforded the same protections afforded
to the shareholders of other Nasdaq-listed companies that are subject to these corporate governance requirements.

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 Ordinary Shares may be less attractive to investors.

GCL is deemed to be an “emerging
growth company” as defined in Section 2(a)(19) of the Securities Act, as modified by the JOBS Act, and it intends to take advantage
of some of the exemptions from reporting requirements that are available to emerging growth companies, including not being required to
comply with the auditor attestation requirements in the assessment of GCL’s internal control over financial reporting under Section
404(b) of the Sarbanes-Oxley Act.

GCL may take advantage of
these reporting exemptions until it is no longer an emerging growth company. GCL will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the date of the first sale of common equity securities
pursuant to an effective registration statement, (b) in which GCL has total annual gross revenue of at least $1.235 billion, or (c) in
which GCL is deemed to be a large accelerated filer,