Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 9

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 9
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 and maintain                      
 our corporate culture as we grow;                                                           |
| ● | the regulatory environment and changes in laws, regulations or policies                     
 in the jurisdictions in which we operate;                                                   |
| ● | political instability in the jurisdictions in which we operate;                             |
| ● | exchange and interest rate fluctuations;                                                    |
| ● | anticipated technology trends and developments and our ability to address                   
 those trends and developments with our offerings;                                           |
| ● | the loss of key personnel and the inability to replace such personnel                       
 on a timely basis or on acceptable terms;                                                   |
| ● | changes of our capital needs and our ability to raise financing;                            |
| ● | the ability to maintain the listing of our securities on Nasdaq;                            |
| ● | the ability to utilize the “controlled company” exemption                                   
 under the rules of Nasdaq;                                                                  |
| ● | litigation and regulatory enforcement risks, including the diversion                        
 of management time and attention and the additional costs and demands on our resources; and |
| ● | the other matters described in the section titled “Risk Factors.”                           |

We caution you against placing
undue reliance on forward-looking statements, which reflect current beliefs and are based on information currently available to us as
of the date a forward-looking statement is made. Forward-looking statements set forth herein speak only as of the date of this prospectus.
We do not undertake any obligation to revise forward-looking statements to reflect future events, changes in circumstances, or changes
in beliefs. In the event that any forward-looking statement is updated, no inference should be made that we will make additional updates
with respect to that statement, related matters, or any other forward-looking statements. Any corrections or revisions and other important
assumptions and factors that could cause actual results to differ materially from forward-looking statements, including discussions of
significant risk factors, may appear, in our public filings with the SEC, which are accessible at www.sec.gov, and which you are advised
to consult.

Market, ranking and industry data used throughout this prospectus,
including statements regarding market size, is based on independent industry surveys and publications. These data involve a number of
assumptions and limitations, and you are cautioned not to give undue weight to such estimates. While we are not aware of any misstatements
regarding the industry data presented herein, such estimates involve risks and uncertainties and are subject to change based on various
factors, including those discussed under the headings “Risk Factors” and “GCL Management’s Discussion and Analysis of