Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 21

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 21
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 at a price of $1.00 per warrant, with each Warrant exercisable for one Ordinary Share at $11.50 per share; and |
|                                                                                                |     | -c | up to 549,500 Ordinary Shares issuable upon the exercise of 549,500 Warrants, which were originally issued concurrently with the initial public offering of RFAC in a private placement to EBC at a price of $1.00 per warrant, with each Warrant exercisable for Ordinary Share at $11.50 per share.                     |

| Terms of the Offering                   |     | The Selling Shareholders will determine when and how they will dispose of the securities being registered for resale by the Selling Shareholders registered under this prospectus. The securities offered by this prospectus may be offered and sold at prevailing market prices, privately negotiated prices or such other prices as the Selling Shareholders may determine. See the section titled “Plan of Distribution”. |
| Use of proceeds                         |     | We will not receive any of the proceeds from the sale of the securities by the Selling Shareholders.                                                                                                                                                                                                                                                                                                                         |
| Market for Ordinary Shares and Warrants |     | Our Ordinary Shares are listed on                                                                                                                                                                                                                                                                                                                                                                                            
 The Nasdaq Global Select Market under the trading symbol “GCL” and the Warrants are listed on The Nasdaq Capital Market under                                                                                                                                                                                                                                                                                                
 the trading symbol “GCLWW.”                                                                                                                                                                                                                                                                                                                                                                                                  |
| Risk factors                            |     | Any investment in the securities offered hereby is speculative and involves a high degree of risk. You should carefully consider the information set forth under “Risk Factors” and elsewhere in this prospectus.                                                                                                                                                                                                            |

Except where otherwise stated, the number of Ordinary Shares that will be outstanding immediately before this offering excludes 16,500,000 Ordinary Shares underlying the Warrants that are outstanding.

<div align='center'>8

RISK FACTORS</div>

Our business and our industry are subject to significant risks. You should carefully consider all of the information set forth in this prospectus, including the following risk factors, in evaluating our business. If any of the following risks actually occur, our business, financial condition, results of operations, and growth prospects would likely be materially and adversely affected. Additional risks not presently known to us or that we currently deem immaterial may also impair our business operations. The trading price and value of our securities could decline due to any of these risks, and you may lose all or part of your investment. This prospectus also contains forward-looking statements that involve risks and