Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 185

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 185
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 is current, subject to our satisfying our obligations described below with respect to registration. No Warrant
will be exercisable and we will not be obligated to issue a Ordinary Share upon exercise of a Warrant unless the Ordinary Share 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. In the event that the conditions in the two immediately preceding sentences are not satisfied
with respect to a Warrant, the holder of such Warrant will not be entitled to exercise such Warrant and such Warrant may have no value
and expire worthless. In no event will we be required to net cash settle any Warrant. In the event that a registration statement is not
effective for the exercised Warrants, the purchaser of a unit containing such warrant will have paid the full purchase price for the
unit solely for the Ordinary Share underlying such Unit.

We registered the Ordinary
Shares issuable upon exercise of the Warrants on a Registration Statement on Form S-1 (File No. 333-265353) because the Warrants will
become exercisable 30 days after the completion of its Business Combination, which may be within one year of our Initial Public Offering.
However, because the Warrants will be exercisable until their expiration date of up to five years after the completion of our Business
Combination, in order to comply with the requirements of Section 10(a)(3) of the Securities Act following the consummation of our Business
Combination, under the terms of the warrant agreement, we have agreed that, as soon as practicable, but in no event later than 15 business
days, after the closing of its Business Combination, we will use our best efforts to file with the SEC a post-effective amendment to
the registration statement or a new registration statement covering the registration under the Securities Act of the Ordinary Shares
issuable upon exercise of the Warrants and thereafter will use our best efforts to cause the same to become effective within 60 business
days following our Business Combination and to maintain a current prospectus relating to the Ordinary Shares issuable upon exercise of
the Warrants until the expiration of the Warrants in accordance with the provisions of the warrant agreement. If a registration statement
covering the Ordinary Shares issuable upon exercise of the Warrants is not effective by the sixtieth (60th) business day after the closing
of our Business Combination, warrant holders may, until such time