Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 36

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 36
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 it will not be required to disclose in its periodic reports
all of the information that United States domestic issuers are required to disclose. If it ceases to qualify as a foreign private issuer
in the future, it would incur significant additional expenses that could have a material adverse effect on its results of operations.

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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.

GCL’s status as a foreign
private issuer exempts it from compliance with certain Nasdaq corporate governance requirements if it instead complies with the statutory
requirements applicable to a Cayman Islands exempted company. The statutory requirements of GCL’s home country of Cayman Islands
do not strictly require a majority of its board to consist of independent directors. Thus, although a director must act in the best interests
of GCL, it is possible that fewer board members will be exercising independent judgment and the level of board oversight of the management
the company may decrease as a result. In addition, the Nasdaq Listing Rules also require U.S. domestic issuers to have an independent
compensation committee with a minimum of two members, a nominating committee, and an independent audit committee with a minimum of three
members. GCL, as a foreign private issuer, with the exception of needing an independent audit committee composed of at least three members,
is not subject to these requirements. The Nasdaq Listing Rules may also require shareholder approval for certain corporate matters that
GCL’s home country’s rules do not. Following Cayman Islands governance practices, as opposed to complying with the requirements
applicable to a U.S. company listed on Nasdaq, may provide less protection to you than would otherwise be the case.

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.

GCL’s securities are
listed on Nasdaq in connection with the Business Combination. GCL cannot assure you that its securities will continue to be listed on
Nasdaq.

In addition, in order to
maintain its listing on Nasdaq, GCL is required to comply with certain rules of Nasdaq, including those regarding minimum shareholders