Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 37

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 37
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 approval by the holders of at least 50% of the then-outstanding Public Warrants
to make any change that adversely affects the interests of the registered holders; provided that, solely in the case of an amendment
to the terms of the Private Placement Warrants or any provision of the warrant agreement with respect to the Private Placement Warrants
that does not adversely affect any of the terms of the Public Warrants, such amendment will require only the written consent or vote
of the registered holders of at least 50% of the then outstanding Private Placement Warrants.

The Public Warrants may
be exercised upon surrender of the warrant certificate on or prior to the expiration date at the offices of the warrant agent, with the
exercise form on the reverse side of the warrant certificate completed and executed as indicated, accompanied by full payment of the
exercise price (or on a cashless basis, if applicable), by certified or official bank check payable to us, for the number of Public Warrants
being exercised. The Public Warrant holders do not have the rights or privileges of holders of common stock and any voting rights until
they exercise their Public Warrants and receive Common Stock. After the issuance of our Common Stock upon exercise of the Public Warrants,
each holder will be entitled to one vote for each share held of record on all matters to be voted on by stockholders.

No fractional shares will
be issued upon exercise of the Public Warrants. If, upon exercise of the Public Warrants, a holder would be entitled to receive a fractional
interest in a share, we will, upon exercise, round down to the nearest whole number, the number of shares of our Common Stock to be issued
to the Public Warrant holder.

Private Placement Warrants

Except as described above,
the Private Placement Warrants have terms and provisions that are identical to those of the Public Warrants, including as to exercise
price, exercisability and exercise period. The Private Placement Warrants (including our common stock issuable upon exercise of the Private
Placement Warrants) are not transferable, assignable or salable until 30 days after the Closing (except, among certain other limited
exceptions to our officers and directors and other persons or entities affiliated with the Sponsor) and will be entitled to registration
rights, so long as they are held by the Sponsor or its permitted transferees. The Sponsor, or its permitted transferees, has the option
to exercise the Private Placement Warrants on a cashless basis. The Private Placement W