Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 9

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 9
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 described herein, but reference is made to the actual documents for complete
information. All of the summaries are qualified in their entirety by the actual documents. Copies of some of the documents referred to
herein have been filed, will be filed or will be incorporated by reference as exhibits to the registration statement of which this prospectus
is a part, and you may obtain copies of those documents as described below under “Where You Can Find More Information.”

On March 26, 2024 (the
“Closing Date”), Concord III, a Delaware corporation, consummated a series of transactions that resulted in the combination
of Gibraltar Merger Sub Inc., a Delaware corporation and a wholly-owned subsidiary of Concord III (“Merger Sub”), and GCT,
pursuant to a Business Combination Agreement, dated November 2, 2023 (the “Business Combination Agreement”), by and among
Concord III, Merger Sub and GCT, as described further below. Pursuant to the terms of the Business Combination Agreement, a business combination
between Concord III and GCT was effected through the merger of Merger Sub with and into GCT, with GCT surviving the merger as a wholly-owned
subsidiary of Concord III (the “Business Combination”), following the approval by shareholders of Concord III at the special
meeting of the stockholders of Concord III held on February 27, 2024 (the “Special Meeting”). Following the closing of
the Business Combination (the “Closing”), Concord III was renamed “GCT Semiconductor Holding, Inc.” (the
“Company”).

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Unless the context indicates
otherwise, references to the “Company,” “we,” “us” and “our” refer to the business of
GCT Semiconductor Holding, Inc., a Delaware corporation, and its consolidated subsidiaries following the Business Combination. “Concord
III” refers to Concord Acquisition Corp III prior to the Business Combination.

Market, Industry and Other Data

This prospectus includes or
incorporates by reference estimates regarding market and industry data and forecasts, which are based on publicly available information,
industry publications and surveys, reports from government agencies and our own estimates based on our management’s knowledge of,
and experience in, the industry and markets in which we compete. In presenting this information, we have made certain assumptions that
we believe to be reasonable based on such data and other similar sources, and on our knowledge of, and our experience to date in, the
markets for our products