Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 44

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 44
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 II under the Purchase Agreement, or if investors
expect that we will do so, the actual sales of shares of our Common Stock, or the mere existence of our arrangement with B. Riley Principal
Capital II, may make it more difficult for us to sell equity or equity-related securities in the future at a time and at a price that
we might otherwise wish to effect such sales.

Because
the purchase price per share to be paid by B. Riley Principal Capital II for the shares of Common Stock that we may elect to sell to
B. Riley Principal Capital II under the Purchase Agreement, if any, will fluctuate based on the market price of our Common Stock
during the applicable Purchase Valuation Period for each Purchase, and during the applicable Intraday Purchase Valuation Period for
each Intraday Purchase, made pursuant to the Purchase Agreement, if any, as of the date of this prospectus, it is not possible for
us to predict the number of shares of Common Stock that we will sell to B. Riley Principal Capital II under the Purchase Agreement,
the actual purchase price per share of Common Stock to be paid by B. Riley Principal Capital II for those shares, or the actual
gross proceeds to be raised by us from those sales, if any.

As of April 23,
2024, there were 45,833,346 shares of our Common Stock outstanding, of which 31,472,685 shares were held by non-affiliates of our Company.
Although the Purchase Agreement provides that we may sell up to $50,000,000 of our Common Stock to B. Riley Principal Capital II, only
10,900,000 shares of our Common Stock are being registered under the Securities Act for resale by B. Riley Principal Capital II under
this prospectus, which represents (i) the 56,818 Commitment Shares that we issued to B. Riley Principal Capital II, following our
execution of the Purchase Agreement, on April 23, 2024, and (ii) up to 10,843,182 shares of Common Stock that may be issued
to B. Riley Principal Capital II from and after the Commencement Date, if and when we elect to sell shares to B. Riley Principal Capital
II under the Purchase Agreement. If all of the 10,900,000 shares offered for resale by B. Riley Principal Capital II under this prospectus
were issued and outstanding as of the date hereof (without taking into account the Exchange Cap limitation), such