Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 32

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 32
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 the caption “Our international operations are, and our strategy 
 to expand internationally will be, subject to increased challenges and risks”;                                            |

| ● | in the case of foreign acquisitions, the need to integrate operations across                                                         
 different regulatory environment, cultures and languages and to address the particular economic, currency, political, and regulatory 
 risks associated with specific countries;                                                                                            |

| ● | the potential loss of, or harm to, our relationships with employees, gamers,         
 content licensors, and other suppliers as a result of integration of new businesses; |

| ● | our dependence on the accuracy and completeness of statements and disclosures                                                        
 made or actions taken by the companies we acquire or their representatives, when conducting due diligence and evaluating the results 
 of such due diligence;                                                                                                               |

| ● | liability for activities of the acquired company before the acquisition, including                                                 
 intellectual property and other litigation claims or disputes, cyber and information security vulnerabilities, violations of laws, 
 rules, and regulations, commercial disputes, tax liabilities, and other known and unknown liabilities; and                         |

| ● | we may not be able to effectively influence the operations of our joint ventures,                           
 or we may be exposed to certain liabilities if our joint venture partners do not fulfill their obligations. |

The benefits of an acquisition, investment, or joint venture may also take considerable time to develop, and we cannot be certain that any particular transaction will produce the intended benefits, which could adversely affect our business, financial condition, or results of operations. Our ability to grow through future acquisitions, investments, and joint ventures will depend on the availability of suitable candidates at an acceptable cost, our ability to compete effectively to attract these candidates, and the availability of financing to complete larger transactions. In addition, depending upon the duration and extent of shelter-in-place, travel and other business restrictions adopted by us and imposed by various governments in response to the COVID-19 pandemic or other future health epidemics or contagious disease outbreaks, we may encounter challenges in evaluating future acquisitions, investments, and joint ventures and integrating personnel, business practices, and company cultures from acquired companies. Acquisitions, investments, and joint ventures could result in potential dilutive issuances of equity securities, use of significant cash balances or incurrence of debt (and increased interest expense), contingent liabilities or amortization expenses related to intangible assets, or write-offs of goodwill or intangible assets, which could adversely affect our results of operations and dilute the economic and voting rights of our shareholders. 16 If we fail to manage our growth effectively, our