Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 57

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 57
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 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 to emerging growth companies.
If some investors find PubCo Ordinary Shares less attractive as a result, there may be a less active trading market for PubCo Ordinary
Shares and PubCo’s share price may be more volatile.

Failure to maintain effective internal controls over financial reporting could have a material adverse effect on PubCo’s business, operating results and stock price.

Prior to the consummation of
the Business Combination, the Company is neither a publicly listed company, nor an affiliate of a publicly listed company, and has not
dedicated accounting personnel and other resources to address internal control and other procedures commensurate with those of a publicly
listed company.