Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 151

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 151
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 there can be no assurance that your tax advisor, the IRS, or a court
will agree with such statements, positions, and conclusions.

This summary does not address
the Medicare tax on certain investment income, U.S. federal estate or gift tax laws, any U.S. state or local or non-U.S. tax laws, or
any tax treaties. Furthermore, this discussion does not address all U.S. federal income tax considerations that may be relevant to particular
holders in light of their personal circumstances or that may be relevant to certain categories of investors that may be subject to special
rules under the U.S. federal income tax laws, such as:

| ● | banks, insurance companies, or other financial institutions;                                                                                                                |
| ● | tax-exempt or governmental organizations;                                                                                                                                   |
| ● | “qualified foreign pension funds” as defined in Section 897(l)(2) of the Code (or any entities all of the interests of which are held by a qualified foreign pension fund); |
| ● | dealers in securities or foreign currencies;                                                                                                                                |
| ● | persons whose functional currency is not the U.S. dollar;                                                                                                                   |
| ● | traders in securities that use the mark-to-market method of accounting for U.S. federal income tax purposes;                                                                |

| ● | “controlled foreign corporations,” “passive foreign investment companies,” and corporations that accumulate earnings to avoid U.S. federal income tax; |
| ● | entities or arrangements treated as partnerships or other pass-through entities for U.S. federal income tax purposes or holders of interests therein;  |

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| ● | persons deemed to sell our Ordinary Shares or Warrants under the constructive sale provisions of the Code;                                                                                                                |
| ● | persons that acquired our Ordinary Shares or Warrants through the exercise of employee stock options or otherwise as compensation or through a tax-qualified retirement plan;                                             |
| ● | persons that hold our Ordinary Shares or Warrants as part of a straddle, appreciated financial position, synthetic security, hedge, conversion transaction, or other integrated investment or risk reduction transaction; |
| ● | certain former citizens or long-term residents of the United States;                                                                                                                                                      |
| ● | except as specifically provided below, persons that actually or constructively own 5% or more (by vote or value) of any class of shares of the Company;                                                                   |
| ● | holders of private placement warrants;                                                                                                                                                                                    |
| ● | the Company’s officers or directors; and                                                                                                                                                                                  |