Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 208

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 208
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b) up to 5,000,000 Ordinary Shares underlying 5,000,000 Warrants, held by certain Selling Shareholders.

We will not receive any proceeds from any sale by the Selling Shareholders of Ordinary Shares being registered hereunder, except that we will receive up to an aggregate of $189.75 million from the exercise of Warrants, assuming the exercise in full of all of Warrants for cash. See “ Use of Proceeds” for details. We will bear all costs, expenses and fees in connection with the registration of the securities offered by this prospectus, whereas the Selling Shareholders will bear all incremental selling expenses, including commissions, brokerage fees and other similar selling expenses. The Selling Shareholders reserve the right to accept and, together with their respective agents, to reject, any proposed purchases of registered Ordinary Shares to be made directly or through agents.

The Selling Shareholders may offer and sell, from time to time, some or all of the securities covered by this prospectus. As used herein, “Selling Shareholders” includes donees, pledgees, transferees, assignees, distributees, successors or other successors-in-interest selling securities received after the date of this prospectus from the Selling Shareholders (as a gift, pledge, partnership distribution or other non-sale related transfer). We have registered the securities covered by this prospectus for offer and sale so that those securities may be freely sold to the public by the Selling Shareholders. Registration of the securities covered by this prospectus does not mean, however, that those securities necessarily will be offered or resold by the Selling Shareholders.

The securities may be sold in one or more transactions at:

| ● | fixed   
 prices; |

| ● | prevailing                         
 market prices at the time of sale; |

| ● | prices                                    
 related to such prevailing market prices; |

| ● | varying                                   
 prices determined at the time of sale; or |

| ● | negotiated 
 prices.    |

The Selling Shareholders may use any one or more of the following methods when disposing of the securities:

| ● | ordinary                                                                                
 brokerage transactions and transactions in which the broker-dealer solicits purchasers; |

| ● | block                                                                                        
 trades in which the broker-dealer will attempt to sell the shares as agent, but may position 
 and resell a portion of the block as principal to facilitate the transaction;                |

| ● | transactions                                                                                      
 to or through broker-dealer or agents, including purchases by a broker-dealer as principal        
 and resale