Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 54

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 54
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. Our issuance of additional Ordinary Shares or other equity or convertible debt securities
of equal or senior rank would have the following effects: (1) our existing shareholders’ proportionate ownership interest may decrease;
(2) the amount of cash available per share, including for payment of dividends in the future, may decrease; (3) the relative voting power
of each previously outstanding Ordinary Shares may be diminished; and (4) the market price of the Ordinary Shares may decline.

The interests of the Selling Shareholders may not align with the interests of other shareholders.

The Selling Shareholders
may sell the ordinary shares (including the ordinary shares underlying the Notes) at any time, including during periods when our stock
price is low or declining or during a period of market weakness. Such sales could cause further downward pressure on our share price,
and the timing of these sales is outside of our control.

PIPE Investor has acquired
the Notes at a discount to market value and may seek to convert and resell the underlying Ordinary Shares for short-term gains. PIPE
Investor’s investment strategy may not align with the long-term interests of other shareholders, and the resulting trading activity
may contribute to market volatility or downward pressure on our stock price.

We will not receive any proceeds from the resale of Ordinary Shares by the Selling Shareholders.

We will not receive any
of the proceeds from the sale of the Ordinary Shares by the Selling Shareholders under this registration statement. Accordingly, the
resale of the shares by the Selling Shareholders will not provide us with any capital to fund our operations.

Volatility in our share price could subject us to securities class action litigation.

The market price of our
Ordinary Shares may be volatile and, in the past, companies that have experienced volatility in the market price of their shares have
been subject to securities class action litigation. We may be the target of securities class action litigation and investigations. Securities
litigation against us could result in substantial costs and divert management’s attention from other business concerns, which could
adversely affect our business, financial condition and results of operations.

The requirements of being a public company may strain our resources, divert our management’s attention and affect our ability to attract and retain qualified board members.

As a public company, we
are subject to the reporting requirements of the Exchange Act, the Sarbanes-Oxley Act, the Dodd-Frank Act, listing requirements of Nasdaq
and other applicable securities rules and regulations. As such, we have incurred and expect to continue to incur relevant