Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 59

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 59
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 the Business Combination,
PubCo’s independent registered public accounting firm will not be required to report on the effectiveness of its internal control
over financial reporting pursuant to Section 404(b) of the Sarbanes-Oxley Act of 2002 until PubCo’s first Form 20-F following
the date on which it ceases to qualify as an “emerging growth company,” which may be up to five full fiscal years following
the date of the first sale of common equity securities pursuant to an effective registration statement. If such evaluation were performed,
control deficiencies could be identified by PubCo’s management, and those control deficiencies could also represent one or more
material weaknesses. In addition, PubCo cannot predict the outcome of this determination and whether PubCo will need to implement remedial
actions in order to implement effective control over financial reporting. If in subsequent years PubCo is unable to assert that PubCo’s
internal control over financial reporting is effective, or if PubCo’s auditors express an opinion that PubCo’s internal control
over financial reporting is ineffective, PubCo may fail to meet the future reporting obligations in a timely and reliable manner and its
financial statements may contain material misstatements. Any such failure could also adversely cause PubCo’s investors to have less
confidence in the accuracy and completeness of its financial reports, which could have a material adverse effect on the price of PubCo’s
securities.

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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. The listing of the Ordinary Shares on Nasdaq does not ensure that a market for
the Ordinary Shares will develop or the price at which the Ordinary Shares will trade. No assurance can be provided as to the demand for
or trading price of the Ordinary Shares.

Even if we are successful in
developing a public market, there 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