Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 18

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 18
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 cease publishing research about us, the price and trading volume of our securities 
 could decline significantly;                                                                   |

| ● | we                                                                                       
 are a foreign private issuer within the meaning of the rules under the Exchange Act, and 
 as such we are exempt from certain provisions applicable to domestic public companies in 
 the United States;                                                                       |

| ● | the                                                                                           
 IRS may not agree with the position that we should be treated as a foreign corporation for    
 U.S. federal income tax purposes, which could have a material adverse effect on our financial 
 position and results from operations and on non-U.S. holders’ securities;                     |

| ● | we                                                                                      
 may be or become a passive foreign investment company (“PFIC”), which could result      
 in adverse U.S. federal income tax consequences to U.S. Holders of our Ordinary Shares; |

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

| ● | our                                                                        
 ability to maintain the listing of our securities on Nasdaq in the future; |

6

THE OFFERING The summary below describes the principal terms of the offering. The “Description of Securities” section of this prospectus contains a more detailed description of the ordinary shares of the Company. 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” of this prospectus.

| Issuer                                                                                         |     | GCL Global Holdings Ltd                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| Resale of Ordinary Shares                                                                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                   |
| The Ordinary Shares that may be offered and sold from time to time by the Selling Shareholders |     | Up to 15,105,000 Ordinary Shares, par value $0.0001 per share, consisting of (i) 14,480,000 Ordinary Shares issuable upon conversion of the Notes issued to ATW; and (ii) 625,000 Ordinary shares by Teng.                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| Ordinary Shares issued before this Offering                                                    |     | 126,943,225 Ordinary Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Ordinary Shares outstanding before this Offering                                               |     | 122,572,978 Ordinary Shares                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
| Ordinary Shares issued after this Offering                                                     |     | 142,048,225 Ordinary Shares (assuming all Notes registered under this registration statement are