Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 20

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 20
---
. Pursuant to the terms of the SPA, in the event that 2Game fails to generate at least $70,000,000 of revenue and net profit after tax of at least $2,500,000 during fiscal year 2026, the Sellers will be required to buy back the Sale Shares for $1,272,000. In the event that the financial targets for fiscal year 2026 are met, GCL Global SG will have the right but not the obligation to require the Sellers to buy back the Sale Shares for $1,272,000. Summary of Risk Factors An investment in our Ordinary Shares and Warrants involves significant risks. Below is a summary of certain material risks we face, organized under relevant headings. These risks are discussed more fully under “ Risk Factors.” You should carefully consider such risks before making an investment decision. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. Our business, financial condition, results of operations or prospects could be materially and adversely affected by any of these risks.

<div align='center'>4</div>

Risks Related to the Company’s Business and Industry

| ● | Our                                                                                    
 business will suffer if we are unable to distribute and publish new game titles, “hit” 
 game titles or sequels to such “hit” titles.                                           |

| ● | Our                                                                                               
 ability to acquire and maintain licenses to intellectual property through distribution agreements 
 with game publishers may affect our revenue and profitability.                                    |

| ● | The                                                                                        
 increasing importance of digital content delivery exposes us to the risks of that business 
 model, including greater competition from online and mobile games.                         |

| ● | Our                                                                                           
 success depends on Jacky Choo See Wee, our Group Chairman and CEO of Epicsoft Asia, and       
 our senior management team. Loss of Mr. Choo’s leadership or services from any                
 of our senior management team could have a material adverse effect on our business, financial 
 condition and results of operations.                                                          |

| ● | A                                                                                                
 limited number of customers account for a significant portion of our sales. The loss of a        
 principal customer or other significant business relationship could seriously hurt our business. |

| ● | Increased                                                                                   
 competition for limited shelf space and promotional support from retailers could affect the 
 success of our business and require us to incur greater expenses to market our titles.      |

| ● | Our                                                                                      
 publishing business is partly dependent on our ability to enter into successful software 
 development arrangements with third