Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 48

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 48
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 subject
to significant change. While some of these changes could be beneficial, others could negatively affect our after-tax returns. Accordingly,
no assurance can be given that the currently anticipated tax treatment will not be modified by legislative, judicial or administrative
changes, possibly with retroactive effect. In addition, no assurance can be given that any tax authority or court will agree with any
particular interpretation of the relevant laws.

We may be unable to maintain the listing of our securities in the future.

If we fail to meet the continued
listing requirements and Nasdaq delists the Ordinary Shares, we could face significant material adverse consequences, including:

| ● | a limited availability of market quotations for the Ordinary Shares; |

| ● | a limited amount of news and analyst coverage for us; and |

| ● | a decreased ability to issue additional securities or obtain additional financing in the future. |

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ITEM 4. INFORMATION ON THE COMPANY

A. History and Development of the Company

The Company was incorporated
under the laws of the Cayman Islands on October 12, 2023 solely for the purpose of effectuating the Business Combination, which was consummated
on February 13, 2025. The Company owns no material assets other than its interests in GCL Global and RFAC acquired in the Business Combination
and does not operate any business other than through GCL Global, its wholly-owned subsidiary. GCL Global is Cayman Islands exempted company.
See “Item 5-Operating and Financial Review and Prospects” for a discussion of GCL Global’s operating and financial
review and prospects for the year ended March 31, 2025.

The mailing address of the
Company’s principal executive office is 29 Tai Seng Avenue #02-01, Natural Cool Lifestyle Hub, Singapore 534119, and its telephone
number is +65 80427330. The information contained on, or accessible through, the Company’s website www.gclglobalholdings.comis not incorporated by reference into this Report, and you should not consider it a part of this Report.

The Company is subject to
certain of the informational filing requirements of the Exchange Act. Since the Company is a “foreign private issuer”, the
officers, directors and principal shareholders of the Company are exempt from the reporting and “short-swing” profit recovery
provisions contained in Section 16 of the Exchange Act with respect to their purchase and sale of Ordinary Shares. In addition, the Company