Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 364

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 364
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 stockholder vote for business or other legal reasons, the Company
will, pursuant to its Certificate of Incorporation (the “Certificate of Incorporation”), conduct the redemptions pursuant
to the tender offer rules of the SEC and file tender offer documents with the SEC prior to completing a Business Combination. If, however,
stockholder approval of the transaction is required by law, or the Company decides to obtain stockholder approval for business or legal
reasons, the Company will offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant
to the tender offer rules. Additionally, each Public Stockholder may elect to redeem their Public Shares irrespective of whether they
vote for or against the proposed transaction.

If the Company seeks stockholder
approval in connection with a Business Combination, the initial stockholders (as defined below) have agreed to vote their Founder Shares
(as defined below in Note 5) and any Public Shares purchased during or after the Initial Public Offering in favor of a Business Combination.
In addition, the initial stockholders have agreed to waive their redemption rights with respect to their Founder Shares and Public Shares
in connection with the completion of a Business Combination.

The Certificate of Incorporation
will provide that a Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder
is acting in concert or as a “group”(as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the
“Exchange Act”)), will be restricted from redeeming its shares with respect to more than an aggregate of 15% or more of the
Public Shares, without the prior consent of the Company.

<div align='center'>F-104</div>

The holders of the Founder
Shares (as defined below) have agreed not to propose an amendment to the Certificate of Incorporation to modify the substance or timing
of the Company’s obligation to allow redemption in connection with a Business Combination or to redeem 100% of the Public Shares
if the Company does not complete a Business Combination within the Combination Period (as defined below) or with respect to any other
material provisions relating to stockholders’ rights or pre-initial Business Combination activity, unless the Company provides the
Public Stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment.

If the Company is unable to
complete a Business Combination within the extended deadline of March 28, 2025 (the “Combination Period”), the Company will
(i)