Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 131

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 131
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000 Shares, comprised of (i) up to 14,480,000 ordinary shares by PIPE Investor issuable
upon the conversion of the Notes issued pursuant to a securities purchase agreement between the Company and PIPE Investor dated as of
May 21, 2025, and (ii) 625,000 ordinary shares by Teng.

For so long as the effective
registration statement of which this prospectus forms a part is available for use, the Selling Shareholders can sell under this prospectus
an aggregate of up to 15,105,000 Ordinary Shares constituting approximately 10.7% of the issued and outstanding Ordinary Shares (assuming
all Notes registered under this registration statement are converted in full at the Floor Price). Given the substantial number of Ordinary
Shares being registered for potential resale by the Selling Shareholders pursuant to this prospectus, the sale of shares by the Selling
Shareholders, or the perception in the market that the holders of a large number of our Ordinary Shares intend to sell their shares,
could increase the volatility of, or result in a significant decline in, the public trading price of the Ordinary Shares. See “Shares Eligible for Future Sales” for more details.

Sales of a substantial number
of the Company’s Ordinary Shares in the public market by the Selling Shareholders and/or by our other existing shareholders, or
the perception that those sales might occur, could result in a significant decline in the public trading price of the Company’s
Ordinary Shares and could impair our ability to raise capital through the sale of additional equity securities. Because the prices at
which the Selling Shareholders acquired the securities that they may sell pursuant to this prospectus may be lower than that of the Company’s
public shareholders, the Selling Shareholders may still experience a positive rate of return on the securities that they sell pursuant
to this prospectus, and be incentivized to sell such shares, when the Company’s public shareholders may not experience a similar
rate of return.

Key Factors that Affect Operating Results

Our business, financial
condition and results of operations have been, and are expected to continue to be, affected by a number of factors, which primarily include
the following:

Distribution arrangements with game publishers and studios to sell “hit” game titles

We derive our revenue primarily
from sales to retailers and consumers of console games and game codes and distributing gaming content that are compatible with major
gaming consoles and PCs to resellers. We sold 50, 51 and 44 new game titles in addition