Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 189

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 189
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In addition, if we, at any
time while the Warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to the
holders of Ordinary Shares on account of such Ordinary Shares (or other securities into which the Warrants are convertible), other than
(a) as described above, (b) certain ordinary cash dividends, (c) to satisfy the redemption rights of the holders of Ordinary Shares in
connection with a proposed Business Combination, or (d) in connection with the redemption of our public shares upon our failure to complete
our Business Combination, then the Warrant exercise price will be decreased, effective immediately after the effective date of such event,
by the amount of cash and/or the fair market value of any securities or other assets paid on each Ordinary Share in respect of such event.

If the number of outstanding
Ordinary Shares is decreased by a consolidation, combination, reverse share split or reclassification of Ordinary Shares or other similar
event, then, on the effective date of such consolidation, combination, reverse share split, reclassification or similar event, the number
of Ordinary Shares issuable on exercise of each Warrant will be decreased in proportion to such decrease in the outstanding Ordinary
Shares.

Whenever the number of Ordinary
Shares purchasable upon the exercise of the Warrants is adjusted, as described above, the Warrant exercise price will be adjusted by
multiplying the Warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be the number
of Ordinary Shares purchasable upon the exercise of the Warrants immediately prior to such adjustment, and (y) the denominator of which
will be the number of Ordinary Shares so purchasable immediately thereafter.

In addition, if (x) we issue
additional Ordinary Shares or equity-linked securities for capital raising purposes in connection with the closing of our Business Combination
at an issue price or effective issue price of less than $9.20 per Ordinary Share (with such issue price or effective issue price to be
determined in good faith by our board of directors and, in the case of any such issuance to our Sponsor, initial stockholders or their
affiliates, without taking into account any Founder Shares held by our Sponsor, initial stockholders or such affiliates, as applicable,
prior to such issuance) (the “Newly Issued Price”), (y) the aggregate gross proceeds from such issuances represent more than
60% of the total equity proceeds, and interest there