Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 197

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 197
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 subject to the Exchange Act periodic reporting requirements for at least three months before the sale and has filed all required reports
under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as it was required to file reports) preceding
the sale.

Persons who have beneficially
owned restricted Company’s Ordinary Shares or Warrants for at least six months but who are Company’s affiliates at the time
of, or at any time during the three months preceding, a sale, would be subject to additional restrictions, by which such person would
be entitled to sell within any three-month period only a number of securities that does not exceed the greater of:

| ● | one                                                                                        
 percent (1%) of the total number of Company’s Ordinary Shares then issued and outstanding; 
 or                                                                                         |

| ● | the                                                                                        
 average weekly reported trading volume of the Company’s Ordinary Shares during the         
 four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale. |

Sales by Company’s
affiliates under Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public
information about Company.

Restrictions on the Use of Rule 144 by Shell Companies or Former Shell Companies

Rule 144 is not available
for the resale of securities initially issued by shell companies (other than business combination related shell companies) or issuers
that have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if
the following conditions are met:

| ● | the                                                                                          
 issuer of the securities that was formerly a shell company has ceased to be a shell company; |

| ● | the                                                                                      
 issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) 
 of the Exchange Act;                                                                     |

| ● | the                                                                                            
 issuer of the securities has filed all Exchange Act reports and material required to be filed, 
 as applicable, during the preceding 12 months (or such shorter period that the issuer was      
 required to file such reports and materials); and                                              |

| ● | at                                                                                                 
 least one year has elapsed from the time that the issuer filed Form 20-F type information          
 with the SEC, which is expected to be filed promptly after completion of the Business Combination, 
 reflecting its status as an entity that is not a shell company.                                    |

Rule 701

In general, under Rule 701
of the Securities Act as currently