Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 16

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 16
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 China with little advance notice could limit the legal protections available  
 or impose additional requirements and obligations on our business operation in Hong Kong, which may materially and adversely affect 
 our business, financial condition, and results of operations.                                                                       |

| ● | The                                                                                                                                 
 gaming industry in China is subject to a variety of PRC laws and regulations, many of which are unsettled and still developing, and 
 which could subject us or our resellers to claims or otherwise harm our business, financial condition, results of operations and    
 growth prospects.                                                                                                                   |

| ● | Any                                                                                                                            
 lack of requisite approvals, licenses, or permits applicable to our resellers’ business may have a material and adverse impact 
 on our resellers’ business, financial condition, and results of operations.                                                    |

Risks Related to PubCo Operating as a Public Company

| ● | GCL                                                                       
 Group’s management team has limited experience managing a public company. |

| ● | In                                                                                                                                  
 connection with the preparation of the Company’s consolidated financial statements for fiscal years 2025, the Company identified    
 material weaknesses in its internal control over financial reporting, as defined in the standards established by the PCAOB. Failure 
 to maintain effective internal controls over financial reporting could have a material adverse effect on GCL’s business, operating  
 results and stock price.                                                                                                            |

| ● | If                                                                                                                                      
 GCL 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.                                                                                            |

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| ● | Because                                                                                          
 GCL 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.                                                                               |

| ● | Although                                                                                          
 as a foreign private issuer, GCL is exempt from certain corporate governance standards applicable 
 to US domestic issuers, if GCL cannot continue to satisfy the listing requirements and other      
 rules of Nasdaq, GCL’s securities may be delisted, which could negatively affect the              
 price of its securities and your ability to sell them.                                            |

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