Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 24

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 24
---
 |     | 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 uncertainties. See the section entitled “Cautionary Note Regarding Forward-Looking Statements.”

Risks Related to the Company’s Business and Industry

Our business will suffer if we are unable to distribute and publish new game titles, “hit” game titles or sequels to such “hit” titles.

Our business depends on distributing
and publishing games that consumers will purchase, download and spend time and money playing. We currently distribute and sell to retailers
and consumers console games, game codes, and gaming content that are compatible with major gaming consoles such as Sony PlayStation, Microsoft
Xbox, and personal computers (“PCs”). Our sales and marketing efforts are focused on both distributing more
games and improving the experience of the games we currently distribute (for example, through merchandise and localized promotional materials).
We generate revenue primarily from distribution of video games in Asia from international PC and video game publishers and studios. We
commit to a certain marketing budget to market and promote the games. For