Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 60

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 60
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 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 subject to significant
change. While some of these changes could be beneficial, others could negatively affect our after-tax returns. Accordingly, no assurance
can be given that the currently anticipated tax treatment will not be modified by legislative, judicial or administrative changes, possibly
with retroactive effect. In addition, no assurance can be given that any tax authority or court will agree with any particular interpretation
of the relevant laws.

We may be unable to maintain the listing of our securities in the future.

If we fail to meet the continued
listing requirements and Nasdaq delists the Ordinary Shares, we could face significant material adverse consequences, including:

| ● | a limited availability of market quotations for the Ordinary Shares; |

| ● | a limited amount of news and analyst coverage for us; and |

| ● | a decreased ability to issue additional securities or obtain additional financing in the future. |

<div align='center'>33

USE OF PROCEEDS</div>

All of the securities offered
by the Selling Shareholders pursuant to this prospectus will be sold by the Selling Shareholders for its account. We will not receive
any of the proceeds from these sales.

The Selling Shareholders
will pay any underwriting discounts and commissions and expenses incurred by the Selling Shareholders for brokerage, accounting, tax
or legal services or any other expenses incurred by the Selling Shareholders in disposing of the securities. We will bear the costs,
fees and expenses incurred in effecting the registration of the securities covered by this prospectus, including all registration and
filing fees, Nasdaq listing fees and fees and expenses of our counsel and our independent registered public accounting firm.

<div align='center'>CAPITALIZATION AND INDEBTEDNESS</div>

The following table sets
forth our cash and cash equivalents and capitalization as of March 31, 2025 on:

| ● | a                                                                                           
 pro forma basis for the Company, giving effect to the Ban Leong