Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 16

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 16
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 market”
in the Purchase Agreement, (iv) the 30th trading day after the date on which a voluntary or involuntary bankruptcy proceeding involving
our company has been commenced that is not discharged or dismissed prior to such trading day, and (v) the date on which a bankruptcy
custodian is appointed for all or substantially all of our property or we make a general assignment for the benefit of creditors.

We have the right to terminate
the Purchase Agreement at any time after Commencement, at no cost or penalty to us, upon 10 trading days’ prior written notice to
B. Riley Principal Capital II. We and B. Riley Principal Capital II may also agree to terminate the Purchase Agreement by mutual written
consent, provided that no termination of the Purchase Agreement will be effective during the pendency of any Purchase or any Intraday
Purchase that has not then fully settled in accordance with the Purchase Agreement. Neither we nor B. Riley Principal Capital II may assign
or transfer our respective rights and obligations under the Purchase Agreement or the Registration Rights Agreement, and no provision
of the Purchase Agreement or the Registration Rights Agreement may be modified or waived by us or B. Riley Principal Capital II.

| 6 |

As consideration for B. Riley
Principal Capital II’s commitment to purchase shares of Common Stock at our direction upon the terms and subject to the conditions
set forth in the Purchase Agreement, following our execution of the Purchase Agreement, we issued 56,818 Commitment Shares to B. Riley
Principal Capital II, which Commitment Shares have a total aggregate value equal to 0.50% of B. Riley Principal Capital II’s $50,000,000
total aggregate purchase commitment under the Purchase Agreement (assuming a purchase price of $4.40 per Commitment Share, representing
the official closing price of the Common Stock on the NYSE on the trading day immediately preceding the date of execution of the Purchase
Agreement). Under the terms of the Purchase Agreement, in certain circumstances set forth in the Purchase Agreement, we may be required
to pay B. Riley Principal Capital II up to $250,000 (or 0.50% of B. Riley Principal Capital II’s $50,000,000 aggregate purchase
commitment under the Purchase Agreement), in cash, as a “make-whole” payment to the extent the aggregate amount of cash proceeds,
if any, received by B. Riley Principal Capital II from their resale of the Commitment Shares offered for resale by this prospectus, prior