Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 155

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 155
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 increased interest and would be taxed in a manner similar to distributions
to U.S. Holders of our Ordinary Shares described herein. Please see the section entitled “Taxation of Distributions” above. For certain information reporting purposes, the Company is required to determine the date and amount
of any such constructive distributions. Proposed Treasury Regulations, which the Company may rely on prior to the issuance of final
Treasury Regulations, specify how the date and amount of any such constructive distributions are determined.

Gain or Loss on Sale or Other Taxable Exchange or Disposition of our Ordinary Shares and Warrants

Subject to the PFIC rules
discussed above, upon a sale or other taxable disposition of our Ordinary Shares or Warrants (which, in general, would include a redemption
of our Ordinary Shares or Warrants that is treated as a sale of such securities), a U.S. Holder generally will recognize capital gain
or loss in an amount equal to the difference between (i) the sum of the amount of cash and the fair market value of any property received
in such disposition and (ii) the U.S. Holder’s adjusted tax basis in our Ordinary Shares or Warrants. Any such capital gain or loss
generally will be long-term capital gain or loss if the U.S. Holder’s holding period for our Ordinary Shares or Warrants, as applicable,
so disposed of exceeds one year. Long-term capital gains recognized by non-corporate U.S. Holders may be eligible to be taxed at reduced
rates. The deductibility of capital losses is subject to limitations.

Exercise or Lapse of a Warrant

Subject to the PFIC rules
discussed above, a U.S. Holder generally will not recognize gain or loss on the acquisition of our Ordinary Shares upon the exercise of
a Warrant for cash. The U.S. Holder’s tax basis in our Ordinary Shares received upon exercise of a Warrant generally will be an
amount equal to the sum of the U.S. Holder’s tax basis in the Warrant and the exercise price of such Warrant. It is unclear whether
a U.S. Holder’s holding period for our Ordinary Shares received upon exercise of the Warrant will commence on the date of exercise
of the Warrant or the immediately following date. In either case, the holding period will not include the period during which the U.S.
Holder held the Warrant. If a Warrant is allowed to expire unexercised, a U.S. Holder generally will recognize a capital loss equal to