Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 159

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 159
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    )

    11,471

    Net defined benefit liabilities

    480

    784

    Income tax payable

    91

    255

    Lease liabilities

    (620
    )

    (707
    )

    Other liabilities

    (233
    )

    32

    Net cash used in operating activities

    (30,957
    )

    (8,827
    )

    Investing activities:

    Purchases of property and equipment

    (542
    )

    (331
    )

    Net cash used in investing activities

    (542
    )

    (331
    )

    Financing activities:

    Proceeds from reverse recapitalization and PIPE Financing, net of transaction costs

    17,238

    —

    Proceeds from issuance of convertible promissory notes

    16,290

    2,000

    Proceeds from borrowings

    11,860

    8,147

    Proceeds from issuance of common stock under common stock purchase agreement

    8,532

    —

    Proceeds from issuance of common stock and common stock warrants in a private placement

    2,240

    —

    Proceeds from exercise of stock options

    15

    23

    Repayments of borrowings

    (14,065
    )

    (1,504
    )

    Repayments of convertible promissory notes

    (5,637
    )

    (500
    )

    Payments of finance lease liabilities

    —

    (17
    )

    Net cash provided by financing activities

    36,473

    8,149

    Effect of exchange rate changes on cash and cash equivalents

    (3,797
    )

    (131
    )

    Net increase (decrease) in cash and cash equivalents

    1,177

    (1,140
    )

    Cash and cash equivalents at beginning of period

    258

    1,398

    Cash and cash equivalents at end of period
     
    $
    1,435

    $
    258

    Supplemental disclosure of cash flow information:

    Cash paid for interest
     
    $
    5,151

    $
    2,259

    Cash paid for income taxes
     
    $
    269

    $
    116

    Cash paid for operating