Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 64

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 64
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 diminished; and (4) the market price of the Ordinary Shares may decline.

Volatility in our share price could subject us to securities class action litigation.

The market price of our Ordinary
Shares may be volatile and, in the past, companies that have experienced volatility in the market price of their shares have been subject
to securities class action litigation. We may be the target of securities class action litigation and investigations. Securities litigation
against us could result in substantial costs and divert management’s attention from other business concerns, which could adversely
affect our business, financial condition and results of operations.

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The requirements of being a public company may strain our resources, divert our management’s attention and affect our ability to attract and retain qualified board members.

As a public company, we are
subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act, the Dodd-Frank Act, listing requirements of Nasdaq
and other applicable securities rules and regulations. As such, we have incurred and expect to continue to incur relevant legal, accounting
and other expenses, and these expenses may increase even more if we no longer qualify as an “emerging growth company,” as
defined in Section 2(a) of the Securities Act. The Exchange Act requires, among other things, that we file annual and current reports
with respect to our business and results of operations. The Sarbanes-Oxley Act requires, among other things, that we maintain effective
disclosure controls and procedures and internal control over financial reporting. We may need to hire more employees or engage outside
consultants to comply with these requirements, which will increase our costs and expenses.

Changing laws, regulations
and standards relating to corporate governance and public disclosure are creating uncertainty for public companies, increasing legal and
financial compliance costs and making some activities more time-consuming. These laws, regulations and standards are subject to varying
interpretations, in many cases due to their lack of specificity, and, as a result, their application in practice may evolve over time
as new guidance is provided by regulatory and governing bodies. This could result in continuing uncertainty regarding compliance matters
and higher costs necessitated by ongoing revisions to disclosure and governance practices. These laws and regulations may increase our
legal and financial compliance costs and render our certain business activities more time-consuming and costly.

Members of our management team
have limited experience managing a publicly traded company, interacting with public company investors and complying with the increasingly
complex laws pertaining to public companies.