Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 159

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 159
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 statements with the SEC as frequently or as promptly as U.S. companies whose securities are registered under the Exchange
Act. However, we are required to file with the SEC an Annual Report on Form 20-F containing financial statements audited by an independent
accounting firm. We will also furnish to the SEC, on Form 6-K, unaudited half-yearly financial information. Information filed with or
furnished to the SEC by us will be available on our website. On December 31, 2024, the Company and RFAC furnished to its shareholders
a proxy statement/prospectus relating to the Business Combination. The SEC also maintains a website at www.sec.gov that contains
reports and other information that we file with or furnish electronically with the SEC.

I. Subsidiary Information

Not applicable.

ITEM 11. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are exposed to market risks in the ordinary course of our business.
These risks primarily include credit risk, foreign currency risk and interest rate risk. See Note 21 to our consolidated financial statements
included elsewhere in this report for further details.

ITEM 12. DESCRIPTION OF SECURITIES OTHER THAN EQUITY SECURITIES

Not applicable.

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ITEM 13. DEFAULTS, DIVIDEND ARREARAGES AND DELINQUENCIES

Not applicable.

ITEM 14. MATERIAL MODIFICATIONS TO THE RIGHTS OF SECURITY HOLDERS AND USE OF PROCEEDS

Not applicable.

ITEM 15. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Disclosure controls and procedures
include controls and procedures designed to provide reasonable assurance that information required to be disclosed in reports filed under
the Exchange Act is recorded, processed, summarized and reported within the specified time periods and accumulated and communicated to
our management, including our Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding
required disclosure. Our management, under the supervision and with the participation of our Group Chief Executive Officer and our Group
Chief Financial Officer, have evaluated the effectiveness of our disclosure controls and procedures, as defined in Rules 13a-15(e) or
15d-15(e) promulgated under the Exchange Act, as of the end of the period covered by this Report.

Management’s Annual Report on Internal Control over Financial Reporting

This Report does not include
a report of management’s assessment regarding internal control over financial reporting or an att