Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 13

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 13
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 in legal liability
to us or harm our business, financial condition, results of operations, and prospects.

If our gamer base and engagement
continue to grow, and the number and types of games we offer continue to grow and evolve, we will need an increasing amount of technical
infrastructure, including network capacity and computing power, to continue to satisfy our gamers’ needs and operate our business.
Such infrastructure expansion may be complex, and unanticipated delays in completing these projects or availability of components may
lead to increased project costs, operational inefficiencies, or interruptions in the delivery or degradation of the quality of our games
or other operations. In addition, there may be issues related to this infrastructure that are not identified during the testing phases
of design and implementation, which may only become evident after we have started to fully use the underlying equipment or software, which
could further degrade the gamer experience or increase our costs. As such, we could fail to continue to effectively scale and grow our
technical infrastructure to accommodate increased demands. In addition, our business may be subject to interruptions, delays or failures
resulting from adverse weather conditions, other natural disasters, power loss, terrorism, cyber-attacks, public health emergencies (including
the COVID-19 pandemic or other future health epidemics or contagious disease outbreaks), or other catastrophic events.

We believe that if our gamers
have a negative experience with our games, or if our brand or reputation is negatively affected, gamers may be less inclined to continue
or to engage with us. As such, a failure or significant interruption in our service would harm our reputation, business, and operating
results.

A limited number of customers account for a significant portion of our sales. The loss of a principal customer or other significant business relationship could seriously hurt our business.

For each of the fiscal year
ended March 31, 2025 and 2024, sales to our four biggest customers in the aggregate accounted for more than half of our total consolidated
revenue. Our sales are made primarily without long-term agreements or other commitments, and our customers may terminate their relationship
with us at any time. Certain of our customers may decline to carry products containing mature content. The loss of our relationships with
principal customers and resellers or a decline in sales to principal customers or resellers, could materially adversely affect our business,
financial condition, and operating results. In addition, if our customers or resellers are subject to pricing pressures due to deteriorating
demand for our products, competition, or otherwise, such customers