Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 201

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 201
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 has beneficially owned restricted PubCo Ordinary Shares or PubCo Warrants for at least six months would be entitled to sell their securities; provided that (i) such person is not deemed to have been one of PubCo’s affiliates at the time of, or at any time during the three months preceding, a sale and (ii) PubCo is subject to the Exchange Act periodic reporting requirements for at least three months before the sale and has filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as it was required to file reports) preceding the sale.

Persons who have beneficially owned restricted PubCo Ordinary Shares or PubCo Warrants for at least six months but who are PubCo’s affiliates at the time of, or at any time during the three months preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of securities that does not exceed the greater of:

| ● | one percent                                                                       
 (1%) of the total number of PubCo Ordinary Shares then issued and outstanding; or |

| ● | the                                                                                          
 average weekly reported trading volume of the PubCo Ordinary Shares during the four calendar 
 weeks preceding the filing of a notice on Form 144 with respect to the sale.                 |

Sales by PubCo’s affiliates under Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public information about PubCo.

Restrictions on the Use of Rule 144 by Shell Companies or Former Shell Companies

Rule 144 is not available for the resale of securities initially issued by shell companies (other than business combination related shell companies) or issuers that have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:

| ● | the                                                                                          
 issuer of the securities that was formerly a shell company has ceased to be a shell company; |

| ● | the                                                                                      
 issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) 
 of the Exchange Act;                                                                     |

| ● | the                                                                                            
 issuer of the securities has filed all Exchange Act reports and material required to be filed, 
 as applicable, during the preceding 12 months (or such shorter period that the issuer          
 was required to file such reports and materials); and                                          |

| ● | at                                                                                                 
 least one year has elapsed from the time that the