Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 40

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 40
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estation 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, which means the market value of GCL Ordinary Shares that is held by non-affiliates exceeds
$700 million as of the end of its last fiscal year, and (2) the date on which GCL has issued more than $1.0 billion in non-convertible
debt during the prior three-year period.

GCL cannot predict if investors
will find its ordinary shares less attractive because it will rely on the accommodations and exemptions available to emerging growth
companies. If some investors find GCL Ordinary Shares less attractive as a result, there may be a less active trading market for GCL
Ordinary Shares and GCL’s share price may be more volatile.

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Risks Related to Our Securities

We cannot be sure that an active trading market will develop for the Ordinary Shares.

We are a newly formed entity
and prior to the Business Combination, we had not issued any securities in the U.S. markets nor had there been extensive information about
us, our businesses, or our operations publicly available. Notwithstanding the listing of our securities on the Nasdaq Global Select Market
currently, we cannot assure you that an active market for our Ordinary Shares will develop or the price at which the Ordinary Shares will
trade.

There also may not be enough
liquidity in such market to enable shareholders to sell their Ordinary Shares. If an active trading market for the Ordinary Shares does
not develop, investors may not be able to re-sell their Ordinary Shares, rendering their shares illiquid and possibly resulting in a complete
loss of their investment. We cannot predict the extent to which investor interest in our company will lead to the development of an active,
liquid trading market. The trading price of and demand for the Ordinary Shares and the development and continued existence of a market
and favorable price for the Ordinary