Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 53

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 53
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 potential litigation or regulatory investigations; |

| ● | changes in financial estimates by research analysts; |

| ● | natural disasters, terrorist acts, acts of war or periods of civil unrest; and |

| ● | the realization of some or all of the risks described in this section. |

In addition, the stock markets have experienced significant price and trading volume fluctuations from time to time, and the market prices of equity securities of businesses in our and certain other industries may become extremely volatile and sometimes subject to sharp price and trading volume changes. These broad market fluctuations may materially and adversely affect the market price of the Ordinary Shares. 29 We may issue additional Ordinary Shares or other equity or convertible debt securities without approval of the holders of the Ordinary Shares, which would dilute existing ownership interests and may depress the market price of our Ordinary Shares. We may issue additional Ordinary Shares or other equity or convertible debt securities of equal or senior rank in the future without approval of the holders of the Ordinary Shares in certain circumstances. Our issuance of additional Ordinary Shares or other equity or convertible debt securities of equal or senior rank would have the following effects: (1) our existing shareholders’ proportionate ownership interest may decrease; (2) the amount of cash available per share, including for payment of dividends in the future, may decrease; (3) the relative voting power of each previously outstanding Ordinary Shares may be diminished; and (4) the market price of the Ordinary Shares may decline. The interests of the Selling Shareholders may not align with the interests of other shareholders. The Selling Shareholders may sell the ordinary shares (including the ordinary shares underlying the Notes) at any time, including during periods when our stock price is low or declining or during a period of market weakness. Such sales could cause further downward pressure on our share price, and the timing of these sales is outside of our control. ATW has acquired the Notes at a discount to market value and may seek to convert and resell the underlying Ordinary Shares for short-term gains. ATW’s investment strategy may not align with the long-term interests of other shareholders, and the resulting trading activity may contribute to market volatility or downward pressure on our stock price. We will not receive any proceeds from the resale of Ordinary Shares by the Selling Shareholders. We will not receive any of the proceeds from the sale of the Ordinary Shares by the Selling Shareholders under this registration statement. Accordingly, the resale of the shares by the Selling Shareholders will not provide us with any capital to fund our operations. Volatility in our share price could