Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 389

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 389
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 A common stock issuable
upon exercise of the Public Warrants is then effective and a prospectus relating thereto is current, subject to the Company satisfying
its obligations with respect to registration. No warrant will be exercisable and the Company will not be obligated to issue shares of
Class A common stock upon exercise of a warrant unless Class A common stock issuable upon such warrant exercise has been registered,
qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants.

Once the warrants become exercisable,
the Company may redeem the Public Warrants:

| ● | in                     
 whole and not in part; |

| ● | at                            
 a price of $0.01 per warrant; |

| ● | at                                              
 any time after the warrants become exercisable, |

| ● | upon                                                                              
 not less than 30 days’ prior written notice of redemption to each warrant holder; |

| ● | if,                                                                                                                                         
 and only if, the reported last sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock             
 splits, stock dividends, reorganizations, and recapitalizations) for any 20 trading days within a 30-trading day period commencing          
 at any time after the warrants become exercisable and ending on the third trading day prior to the notice of redemption to warrant holders; 
 and                                                                                                                                         |

| ● | if,                                                                                                                                 
 and only if, there is a current registration statement in effect with respect to the shares of Class A common stock underlying such 
 warrants.                                                                                                                           |

If the Company calls the Public
Warrants for redemption, management will have the option to require all holders that wish to exercise the Public Warrants to do so on
a “cashless basis,” as described in the warrant agreement. The exercise price and number of shares of Class A common
stock issuable upon exercise of the warrants may be adjusted in certain circumstances including in the event of a stock dividend, or recapitalization,
reorganization, merger or consolidation. However, except as described below, the warrants will not be adjusted for issuance of Class A
common stock at a price below its exercise price. Additionally, in no event will the Company be required to net cash settle the warrants.
If the Company is unable to complete a Business Combination within the Combination Period and the Company liquidates the funds held in
the Trust Account, holders of warrants will not receive any of such funds with respect to their warrants, nor will they receive any