Company: GCL
Filing Date: 2025-05-22
Form Type: 424B3
Source: 0001213900-25-046609
Chunk: 206

Company: GCL Global Holdings Ltd
Filing Date: 2025-05-22
Form: 424B3
Chunk 206
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 conversion price and alternate conversion price of the notes may be adjusted, the number of shares that
will actually be issued may be more or less than the number of shares being offered by this prospectus. The fourth column assumes the
sale of all of the shares offered by the selling shareholders pursuant to this prospectus.

Under the terms of the notes,
a selling shareholder may not convert the notes to the extent (but only to the extent) such selling shareholder or any of its affiliates
would beneficially own a number of shares of our ordinary shares which would exceed 9.99% of the outstanding shares of the Company. The
number of shares in the second column reflects these limitations. The selling shareholders may sell all, some or none of their shares
in this offering. See “Plan of Distribution.”

| Name                   
 of Selling Shareholder |     | Number                                     
 of Ordinary Shares Owned Prior to Offering |     | Maximum                                                          
 Number of Ordinary Shares to be Sold Pursuant to this Prospectus |     | Number                                     
 of Ordinary Shares of Owned After Offering |
| [LEAD BUYER](1)        |     |                                            |     |                                                                  |     |                                            |
| [OTHER BUYERS]         |     |                                            |     |                                                                  |     |                                            |

| (1) | [                             ] |

<div align='center'>PLAN OF DISTRIBUTION</div>

We are registering the ordinary
shares issuable upon conversion of the notes to permit the resale of these ordinary shares by the holders of the notes from time to time
after the date of this prospectus. We will not receive any of the proceeds from the sale by the selling shareholders of the ordinary shares.
We will bear all fees and expenses incident to our obligation to register the ordinary shares.

The selling shareholders may
sell all or a portion of the ordinary shares held by them and offered hereby from time to time directly or through one or more underwriters,
broker-dealers or agents. If the ordinary shares are sold through underwriters or broker-dealers, the selling shareholders will be responsible
for underwriting discounts or commissions or agent’s commissions. The ordinary shares may be sold in one or more transactions at
fixed prices, at prevailing market prices at the time of the sale, at varying prices determined at the time of sale or at negotiated prices.
These sales may be effected in transactions, which may involve crosses or block transactions, pursuant to one or more of the following
methods:

| ● | on any national securities exchange or quotation service on which the securities may