Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 46

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 46
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 awards. These
uncertainties may affect our judgment on the relevance of legal requirements and its ability to enforce our contractual rights or tort
claims. In addition, the regulatory uncertainties may be exploited through unmerited or frivolous legal actions or threats in attempts
to extract payments or benefits from us.

It is possible that a number
of laws and regulations may be adopted or construed to apply to us in Southeast Asia and elsewhere that could restrict our business segments.
Scrutiny and regulation of the business segments in which we operate may further increase, and we may be required to devote additional
legal and other resources to addressing these regulations. Changes in current laws or regulations or the imposition of new laws and regulations
in Southeast Asia or elsewhere regarding our business segments may slow the growth of our business segments and adversely affect its business,
financial condition, results of operations and prospects.

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We could face uncertain tax liabilities in various jurisdictions where we operate, and suffer adverse financial consequences as a result.

Our management believes we
are in compliance with all applicable tax laws in the various jurisdictions where we are subject to tax, but its tax liabilities could
be uncertain, and we could suffer adverse tax and other financial consequences if tax authorities do not agree with our interpretation
of the applicable tax laws.

Although PubCo is incorporated
in the Cayman Islands, the GCL Group collectively operates in multiple tax jurisdictions and pays income taxes according to the tax laws
of these jurisdictions. Various factors, some of which are beyond our control, determine its effective tax rate and/or the amount we are
required to pay, including changes in or interpretations of tax laws in any given jurisdiction and changes in geographical allocation
of income. We accrue income tax liabilities and tax contingencies based upon its best estimate of the taxes ultimately expected to be
paid after considering its knowledge of all relevant facts and circumstances, existing tax laws, its experience with previous audits and
settlements, the status of current tax examinations and how the tax authorities view certain issues. Such amounts are included in income
taxes payable or deferred income tax liabilities, as appropriate, and are updated over time as more information becomes available.

Our management believes that
we are filing tax returns and paying taxes in each jurisdiction where we are required to do so under the laws of such jurisdiction. However,
it is possible that the relevant tax authorities in the jurisdictions where we do not file returns may assert that we are required to
file tax returns and pay taxes in such jurisdictions. There