Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 19

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 19
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| ● | uncertainty                                                    
 in the development of an active trading market for our shares; |

| ● | price                     
 volatility of our shares; |

| ● | sale                                                                                                                                    
 or availability for sale of substantial amounts of our shares by the Selling Shareholderss that could cause the price of our shares     
 to fall, and certain Selling Shareholders can earn a positive rate of return on their investment, even if other shareholders experience 
 a negative return;                                                                                                                      |

| ● | potential                                                                  
 dilution for existing shareholders upon our issuance of additional shares; |

| ● | trading                                                                                
 price of our shares may be impacted by sales of our shares by the holder of the Notes; |

| ● | the                                                                                               
 interests of the Selling Shareholders may not align with the interests of the other shareholders; |

| ● | we                                                                                            
 will not receive any proceeds from the resale of Ordinary Shares by the Selling Shareholders; |

| ● | volatility                                                                 
 in our share price could subject us to securities class action litigation; |

| ● | the                                                                                  
 impact of market volatility on the share price and trading volume of our securities; |

| ● | our                                                    
 policy to not pay dividends in the foreseeable future; |

| ● | if                                                                                             
 securities and industry analysts do not publish research or publish inaccurate or unfavorable  
 research or cease publishing research about us, the price and trading volume of our securities 
 could decline significantly;                                                                   |

| ● | we                                                                                       
 are a foreign private issuer within the meaning of the rules under the Exchange Act, and 
 as such we are exempt from certain provisions applicable to domestic public companies in 
 the United States;                                                                       |

| ● | the                                                                                           
 IRS may not agree with the position that we should be treated as a foreign corporation for    
 U.S. federal income tax purposes, which could have a material adverse effect on our financial 
 position and results from operations and on non-U.S. holders’ securities;                     |

| ● | we                                                                                      
 may be or become a passive foreign investment company (“PFIC”), which could result      
 in adverse U.S. federal income tax consequences to U.S. Holders of our Ordinary Shares; |

| ● | changes                                                                                    
 to, or changes in interpretations of, tax laws could have a material adverse effect on our 
 business, financial condition and results of operations; and                               |

| ● | our                                                                        
 ability to maintain the listing of our securities on Nasdaq in the future; |

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THE OFFERING The summary below describes