Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 47

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 47
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 to be a PFIC for any taxable year (or portion thereof) that is included in the holding period of a U.S. Holder (as defined
in the Section of this report captioned “Material U.S. Federal Income Tax Considerations”) of our securities, the
U.S. Holder may be subject to increased U.S. federal income tax liability and may be subject to additional reporting requirements. The
determination of whether we are a PFIC is a fact-intensive determination made on an annual basis applying principles and methodologies
that in some circumstances are unclear and subject to varying interpretation. Our actual PFIC status for any taxable year will not be
determinable until after the end of such taxable year. Accordingly, there can be no assurance with respect to our status as a PFIC for
our current taxable year or any subsequent taxable year. We urge U.S. Holders to consult their own tax advisors regarding the possible
application of the PFIC rules in light of their individual circumstances.

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Changes to, or changes in interpretations of, tax laws could have a material adverse effect on our business, financial condition and results of operations.

We
are subject to income taxes and non-income taxes in the United States and other countries in which we transact or conduct business, and
such laws and rates vary by jurisdiction. Tax laws and regulations, including at non-U.S. and U.S. federal and local jurisdictions, frequently
change, especially in relation to the interpretation of existing tax laws for new and emerging industries, and we cannot always reasonably
predict the impact from, or the ultimate cost of compliance with, current or future tax laws.

Any
changes in the taxation of our business activities may increase our worldwide effective tax rate and harm our business, financial condition
and results of operations. Our tax expense could also be impacted by the applicability of withholding taxes and the impact of changes
in the evaluation of tax positions we have taken in prior tax periods. The amount of taxes we pay in these jurisdictions could increase
substantially as a result of changes in the applicable tax principles, including increased tax rates, new tax laws or revised interpretations
of existing tax laws and precedents, which could harm our liquidity and results of operations.

All
statements contained herein concerning U.S. federal income or other tax consequences are based on existing law and interpretations thereof.
The tax regimes to which we are subject or under which we operate, including income and non-income taxes, are unsettled and may be