Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 369

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 369
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 (initially anticipated to
be $10.10 per Public Share).

If the Company seeks stockholder
approval, the Company will proceed with a Business Combination if a majority of the shares voted are voted in favor of the Business Combination.
The Company will not redeem the Public Shares in an amount that would cause its net tangible assets to be less than $5,000,001. As of
December 20, 2023, the Company is no longer required to maintain a net tangible asset balance of at least $5,000,000. If a stockholder
vote is not required by law and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company
will, pursuant to its Certificate of Incorporation (the “Certificate of Incorporation”), conduct the redemptions pursuant
to the tender offer rules of the SEC and file tender offer documents with the SEC prior to completing a Business Combination. If, however,
stockholder approval of the transaction is required by law, or the Company decides to obtain stockholder approval for business or legal
reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant
to the tender offer rules. Additionally, each Public Stockholder may elect to redeem their Public Shares irrespective of whether they
vote for or against the proposed transaction.

If the Company seeks stockholder
approval in connection with a Business Combination, the initial stockholders (as defined below) have agreed to vote their Founder Shares
(as defined below in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination.
In addition, the initial stockholders have agreed to waive their redemption rights with respect to their Founder Shares and Public Shares
in connection with the completion of a Business Combination.

The Certificate of Incorporation
will provide that a Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder
is acting in concert or as a “group”(as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the
Public Shares, without the prior consent of the Company.

<div align='center'>F-104</div>

The holders of the Founder
Shares (as defined below) have agreed not to propose an amendment to the Certificate of Incorporation to