Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 39

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 39
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 on, accepting additional deposits of the Common Stock, 
 electronic trading or book-entry services by The Depository Trust Company with respect to the Common Stock that is continuing;         |

| · | the Company shall have complied with all applicable federal, state and local governmental laws, rules,                                      
 regulations and ordinances in connection with the execution, delivery and performance of the Purchase Agreement and the Registration Rights 
 Agreement;                                                                                                                                  |

| · | the absence of any statute, regulation, order, decree, writ, ruling or injunction by any court or governmental                           
 authority of competent jurisdiction which prohibits the consummation of or that would materially modify or delay any of the transactions 
 contemplated by the Purchase Agreement or the Registration Rights Agreement;                                                             |

| · | the absence of any action, suit or proceeding before any arbitrator or any court or governmental authority                              
 seeking to restrain, prevent or change the transactions contemplated by the Purchase Agreement or the Registration Rights Agreement, or 
 seeking material damages in connection with such transactions;                                                                          |

| · | all of the shares of Common Stock that may be issued pursuant to the Purchase Agreement shall have been                                     
 approved for listing or quotation on the NYSE (or if the Common Stock is not then listed on the NYSE, then on any Eligible Market), subject 
 only to notice of issuance;                                                                                                                 |

| · | no condition, occurrence, state of facts or event constituting a Material Adverse Effect (as such term 
 is defined in the Purchase Agreement) shall have occurred and be continuing;                           |

| · | the absence of any bankruptcy proceeding against the Company commenced by a third party, and the Company                                      
 shall not have commenced a voluntary bankruptcy proceeding, consented to the entry of an order for relief against it in an involuntary        
 bankruptcy case, consented to the appointment of a custodian of the Company or for all or substantially all of its property in any bankruptcy 
 proceeding, or made a general assignment for the benefit of its creditors; and                                                                |

| · | the receipt by B. Riley Principal Capital II of the legal opinions, negative assurances, audit comfort                      
 letters and certificates of the Chief Financial Officer of the Company (“CFO Certificates”) and bring-down legal opinions   
 and negative assurances, audit comfort letters and CFO Certificates, in each case as required under the Purchase Agreement. |

Termination of the Purchase Agreement

Unless earlier terminated
as provided in the Purchase Agreement, the Purchase Agreement will terminate automatically on the earliest to occur of:

| · | the first day of the month next