Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 38

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 38
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 less protection to investors. In addition,
some U.S. states, such as Delaware, have more fully developed and judicially interpreted bodies of corporate law than the Cayman Islands.

There is no statutory recognition
in the Cayman Islands of judgments obtained in the United States, although a judgment obtained in the United States will be recognized
and enforced in the courts of the Cayman Islands at common law, without any re-examination of the merits of the underlying dispute, by
an action commenced on the foreign judgment debt in the Grand Court of the Cayman Islands, provided such judgment (a) is given by a foreign
court of competent jurisdiction; (b) imposes on the judgment debtor a liability to pay a liquidated sum for which the judgment has been
given; (c) is final; (d) is not in respect of taxes, a fine or a penalty; and (e) was not obtained in a manner and is not of a kind the
enforcement of which is contrary to natural justice or the public policy of the Cayman Islands. It may be difficult or impossible for
you to bring an action against GCL or against these individuals in the Cayman Islands in the event that you believe that your rights have
been infringed under the applicable securities laws or otherwise. Even if you are successful in bringing an action of this kind, the laws
of the Cayman Islands may render you unable to enforce a judgment against GCL’s assets or the assets of GCL’s directors and
officers.

Shareholders of Cayman Islands
exempted companies like GCL have no general rights under Cayman Islands law to inspect corporate records or to obtain copies of lists
of shareholders of these companies. GCL’s directors have discretion under GCL’s Amended and Restated Memorandum and Articles
of Association to determine whether or not, and under what conditions, its corporate records may be inspected by its shareholders, but
are not obliged to make them available to its shareholders. This may make it more difficult for you to obtain the information needed to
establish any facts necessary for a shareholder motion or to solicit proxies from other shareholders in connection with a proxy contest.

As a result of all of the
above, GCL’s public shareholders may have more difficulty in protecting their interests in the face of actions taken by GCL’s
management, members of the board of directors or controlling shareholders than they would as public shareholders of a company incorporated
in the United States.

Cayman Islands companies
may not have