Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 31

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 31
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 including 
 claims from terminated employees, gamers, former shareholders, or other third parties;                                              |

| ● | negative effects on business initiatives and strategies from the changes and potential disruption 
 that may follow the acquisition;                                                                  |

| ● | diversion of our management’s attention; |

| ● | declining employee morale and retention issues resulting from changes in compensation, or changes 
 in management, reporting relationships, or future prospects;                                      |

| ● | the need to integrate the operations, systems, technologies, products, and personnel of each acquired                             
 company, the inefficiencies and lack of control that may result if such integration is delayed or not implemented, and unforeseen 
 difficulties and expenditures that may arise in connection with integration;                                                      |

| ● | the difficulty in determining the appropriate purchase price of acquired companies may lead to the                               
 overpayment of certain acquisitions and the potential impairment of intangible assets and goodwill acquired in the acquisitions; |

| ● | the difficulty in successfully evaluating and utilizing the acquired products, technology, or personnel; |

| ● | acquisitions, investments, and joint ventures may require us to spend a significant amount of cash,                                
 to incur debt, resulting in increased fixed payment obligations and could also result in covenants or other restrictions on us, or 
 to issue capital stock, resulting in dilution of ownership of our shareholders;                                                    |

| ● | the need to implement controls, procedures, and policies appropriate for a larger, U.S. public company 
 as companies that prior to acquisition may not have as robust controls, procedures, and policies;      |

| ● | the difficulty in accurately forecasting and accounting for the financial impact of an acquisition                                
 transaction, including accounting charges and integrating and reporting results for acquired companies that have not historically 
 followed U.S. GAAP;                                                                                                               |

| ● | the fact that we may be required to pay contingent consideration in excess of the initial fair value,                              
 and contingent consideration may become payable at a time when we do not have sufficient cash available to pay such consideration; |

| ● | the fees and costs of legal, accounting, and other professional advisors engaged by us for such acquisitions, 
 which may be substantial;                                                                                     |

15

| ● | under purchase accounting, we may be required to write off deferred revenue                                                              
 which may impair our ability to recognize revenue that would have otherwise been recognizable which may impact our financial performance 
 or that of the acquired company;                                                                                                         |

| ● | risks associated with our expansion into new international markets and doing                                              
 business internationally, including those described under