Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 150

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 150
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active change. It is not intended as tax advice, does not consider any investor’s particular
circumstances, and does not consider tax consequences other than those arising under Cayman Islands law.

Under Existing Cayman Islands Laws:

The Cayman Islands currently
levies no taxes on individuals or corporations based upon profits, income, gains or appreciation and there is no taxation in the nature
of inheritance tax or estate duty. There are no other taxes likely to be material to us levied by the government of the Cayman Islands
except for stamp duties which may be applicable on instruments executed in, or, after execution, brought within the jurisdiction of the
Cayman Islands. The Cayman Islands is not party to any double tax treaties that are applicable to any payments made to or by our company.
There are no exchange control regulations or currency restrictions in the Cayman Islands.

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Payments of dividends and
capital in respect of our ordinary shares will not be subject to taxation in the Cayman Islands and no withholding will be required on
the payment of a dividend or capital to any holder of our ordinary shares, nor will gains derived from the disposal of our securities
be subject to Cayman Islands income or corporation tax.

U.S. Federal Income Taxation

Material U.S. Federal Income Tax Considerations for U.S. Holders

The following is a discussion
of the material U.S. federal income tax considerations for U.S. Holders (as defined below) of the ownership and disposition of our Ordinary
Shares and Warrants. For purposes of this discussion, a “Holder” is a beneficial owner of our Ordinary Shares or Warrants.
This discussion applies only to our Ordinary Shares and Warrants, as the case may be, that are held as “capital assets” within
the meaning of Section 1221 of the Code for U.S. federal income tax purposes (generally, property held for investment). This discussion
is based on the provisions of the Code, U.S. Treasury regulations (“Treasury Regulations”), administrative rules, and judicial
decisions, all as in effect on the date hereof, and all of which are subject to change or differing interpretations, possibly with retroactive
effect. Any such change or differing interpretation could significantly alter the tax considerations described herein. The Company has
not sought any rulings from the IRS with respect to the statements made and the positions or conclusions described in this summary. Such
statements, positions and conclusions are not free from doubt, and