Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 67

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 67
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 the Exchange Act requiring the filing of quarterly reports on Form 10-Q or current reports on
Form 8-K with the SEC; (2) the sections of the Exchange Act regulating the solicitation of proxies, consents, or authorizations in respect
of a security registered under the Exchange Act; (3) the sections of the Exchange Act requiring insiders to file public reports of their
share ownership and trading activities and liability for insiders who profit from trades made in a short period of time; and (4) the selective
disclosure rules by issuers of material nonpublic information under Regulation FD.

We are required to file an
annual report on Form 20-F within four months of the end of each fiscal year. In addition, we expect to publish our results on a quarterly
basis through press releases, distributed pursuant to the rules and regulations of Nasdaq. Press releases relating to financial results
and material events will also be furnished to the SEC on Form 6-K. However, the information we are required to file with or furnish to
the SEC will be less extensive and less timely compared to that required to be filed with the SEC by U.S. domestic issuers. Accordingly,
you may receive less or different information about us than you would receive about a U.S. domestic public company.

We could lose our status as
a foreign private issuer under current SEC rules and regulations if more than 50% of our outstanding voting securities become directly
or indirectly held of record by U.S. holders and any one of the following is true: (1) the majority of our directors or executive officers
are U.S. citizens or residents; (2) more than 50% of our assets are located in the United States; or (3) our business is administered
principally in the United States. If we lose our status as a foreign private issuer in the future, we will no longer be exempt from the
rules described above and, among other things, will be required to file periodic reports and annual and quarterly financial statements
as if we were a company incorporated in the United States. If this were to happen, we would likely incur substantial costs in fulfilling
these additional regulatory requirements and members of our management would likely have to divert time and resources from other responsibilities
to ensuring these additional regulatory requirements are fulfilled.

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The IRS may not agree with the position that we should be treated as a foreign corporation for U.S. federal income tax purposes following the Business Combination, which