Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 34

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 34
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 the Anapass Warrants,
4,529,967 shares of Common Stock issued to the PIPE Investors, 19,685,138 shares of Common Stock acquired by certain Selling
Securityholders party to the Registration Rights Agreement, 1,781,626 shares of Common Stock issued to the NRA Investors, 500,000
shares of Common Stock reserved for issuance upon conversion of convertible promissory note, 2,295,333 shares of Common Stock that
are issuable upon the exercise of the GCT Warrants and 741,603 shares of Common Stock issued pursuant to the Anapass Securities
Purchase Agreement).

We will not receive any proceeds
from the sale of shares of Common Stock by the Selling Securityholders. We could receive up to an aggregate of approximately $103,317,920
if all of the Warrants held by the Selling Securityholders are exercised for cash. However, we will only receive such proceeds if and
when the holders of the Warrants exercise the Warrants for cash. The exercise of the Warrants, and any proceeds we may receive from their
exercise, are highly dependent on the price of any of our shares of Common Stock and the spread between the exercise price of the Warrants
and the price of our Common Stock at the time of exercise. We have outstanding (i) 17,250,000 Public Warrants to purchase 17,250,000
shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (ii) 6,580,000 Private Placement Warrants to purchase
6,580,000 shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (iii) 2,295,333 GCT Warrants to purchase
2,295,333 shares of our Common Stock, exercisable at an exercise price of $5.00, $10.00, and $18.75 per share, as applicable, as described
herein for the GCT Warrants and (iv) 148,320 Anapass Warrants to purchase 148,320 shares of our Common stock, exercisable at an exercise
price of $3.02 per share. If the market price of our Common Stock is less than the exercise price of a holder’s Warrants, it is
unlikely that holders will exercise their Warrants. As of April 21, 2025, the closing price of our Common Stock was $1.41 per share