Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 394

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 394
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 Warrants may only be exercised for a whole number of shares. No fractional warrants will be issued upon separation of
the Units and only whole warrants will trade. The Public Warrants will become exercisable 30 days after the consummation of a Business
Combination. The Public Warrants will expire five years from the consummation of a Business Combination or earlier upon redemption or
liquidation.

The Company will not be obligated
to deliver any Class A common stock pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public
Warrant exercise unless a registration statement under the Securities Act covering the issuance of the Class 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