Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 14

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 14
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 Investor under the PIPE Investor SPA and the Registration
Rights Agreement between the parties dated May 21, 2025. The Registration Rights Agreement requires us to file a registration statement
on or before August 21, 2026 to register those number of Ordinary Shares equal to the sum of (i) 100% of the maximum number of ordinary
shares issuable upon conversion of the Notes (assuming for purposes hereof that (w) all Additional Notes issuable hereunder have been
issued as of such date of determination, (x) the Notes are convertible at the Floor Price (as defined in the Notes) as of such applicable
date of determination, (y) interest on the Notes shall accrue through the third (3rd) anniversary of the Initial Closing Date (as defined
in the SPA) and will be converted in Ordinary Shares at a conversion price equal to the Floor Price as of such applicable date of determination,
and (z) any such conversion shall not take into account any limitations on the conversion of the Notes set forth in the Notes), all subject
to adjustment provided in the Notes (the “Required Registration Amount”). The PIPE Investor SPA provides that the First Additional
Closing for the Additional Note in the aggregate original principal amount of $2,530,000 will take place on the date this registration
statement is submitted to the SEC.

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 equal to $0.48). 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.

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Our Corporate Information We are an exempted company incorporated in the Cayman Islands with limited liability. Our principal executive office is located at 29 Tai Seng Avenue #02-01, Natural Cool Lifestyle Hub, Singapore 534119.