Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 56

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 56
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daq’s corporate governance requirements, including requirements that:

| ● | a majority of the board of directors consist of independent directors; |

| ● | compensation of officers, including that of the CEO, be determined or recommended to the board of directors              
 by a majority of its independent directors or by a compensation committee comprised solely of independent directors; and |

| ● | director nominees be selected or recommended to the board of directors by a majority of its independent 
 directors or by a nominating committee that is composed entirely of independent directors.              |

Accordingly, to the extent
that we may choose to rely on one or more of these exemptions, Public Shareholders would not be afforded the same protections afforded
to the shareholders of other Nasdaq-listed companies that are subject to these corporate governance requirements.

PubCo is deemed to be an “emerging growth company” and, as a result of the reduced disclosure and governance requirements applicable to emerging growth companies, PubCo Ordinary Shares may be less attractive to investors.

PubCo is deemed to be an “emerging
growth company” as defined in Section 2(a)(19) of the Securities Act, as modified by the JOBS Act, and it intends to take advantage
of some of the exemptions from reporting requirements that are available to emerging growth companies, including not being required to
comply with the auditor attestation requirements in the assessment of PubCo’s internal control over financial reporting under Section 404(b)
of the Sarbanes-Oxley Act.

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PubCo may take advantage of
these reporting exemptions until it is no longer an emerging growth company. PubCo will remain an emerging growth company until the earlier
of (1) the last day of the fiscal year (a) following the fifth anniversary of the date of the first sale of common equity securities
pursuant to an effective registration statement, (b) in which PubCo has total annual gross revenue of at least $1.235 billion,
or (c) in which PubCo is deemed to be a large accelerated filer, which means the market value of PubCo Ordinary Shares that is held
by non-affiliates exceeds $700 million as of the end of its last fiscal year, and (2) the date on which PubCo has issued more
than $1.0 billion in non-convertible debt during the prior three-year period.

PubCo cannot predict if investors
will find its ordinary shares less attractive because it will rely on the accommodations and exemptions available