Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 33

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 33
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 preventing changes in our Board and may make it more difficult to accomplish transactions which
stockholders may otherwise deem to be in their best interests.

Limitation on Liability and Indemnification of Directors and Officers

Our
Charter provides that the liability of the directors and officers of the Company to the Company or our stockholders for monetary damages
for breach of fiduciary duty as a director or officer, as applicable, shall be eliminated or limited to the fullest extent permitted under
applicable law as it now exists or may in the future be amended.

Our
Bylaws also permit us to purchase and maintain insurance on behalf of any officer, director, employee or agent of the Company for any
liability arising out of his or her status as such, regardless of whether the DGCL would permit indemnification.

These
provisions may discourage stockholders from bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions
also may have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action,
if successful, might otherwise benefit us and our stockholders. Furthermore, a stockholder’s investment may be adversely affected
to the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions.
We believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced
directors and officers.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons
pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable.

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PLAN OF DISTRIBUTION</div>

We are registering the issuance
by us of up to 26,273,653 shares of our Common Stock that may be issued upon exercise of Warrants to purchase Common Stock, including
the Public Warrants.

We are also registering
the resale by the Selling Securityholders or their permitted transferees of up to 6,580,000 Private Placement Warrants, 148,320
Anapass Warrants and 36,261,987 shares of our Common Stock (including 6,580,000 shares of Common Stock that may be issued upon
exercise of the Private Placement Warrants, 148,320 shares of Common Stock that may be issued upon exercise of