Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 23

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 23
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 If                                                                                        
 PubCo fails to implement and maintain an effective system of internal controls, PubCo may 
 be unable to accurately report its results of operations, meets its reporting obligations 
 or prevent fraud, and investor confidence and the market price of PubCo’s Ordinary        
 Shares may be materially and adversely affected.                                          |

| ● | If                                                                                            
 PubCo ceases to qualify as a foreign private issuer, it would be required to comply fully     
 with the reporting requirements of the Exchange Act applicable to U.S. domestic issuers,      
 and it would incur significant additional legal, accounting, and other expenses that it would 
 not incur as a foreign private issuer.                                                        |

| ● | Because                                                                                    
 PubCo is a foreign private issuer and is exempt from certain Nasdaq corporate governance   
 standards applicable to U.S. issuers, you will have less protection than you would have if 
 it were a domestic issuer.                                                                 |

| ● | You                                                                                         
 may face difficulties in protecting your interests, and your ability to protect your rights 
 through U.S. courts may be limited, because PubCo is incorporated under Cayman Islands law. |

| ● | As                                                                                             
 a “controlled company” under the Nasdaq rules, PubCo may choose to exempt itself               
 from certain corporate governance requirements that could have an adverse effect on our public 
 shareholders.                                                                                  |

| ● | PubCo                                                               
 does not expect to declare any dividends in the foreseeable future. |

| ● | Failure                                                                                        
 to maintain effective internal controls over financial reporting could have a material adverse 
 effect on PubCo’s business, operating results and stock price.                                 |

Risks Related to Our Securities Risks and uncertainties relating to our securities include, but are not limited to, the following:

| ● | 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 Shareholders       
 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                                                   
 additional dilution resulted from the exercise of warrants; |

| ● | warrant                                                  
 may expire worthless, as they may never be in the money; |

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

| ● | ability                                                            
 to maintain the listing