Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 69

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 69
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 of a straddle, hedge, conversion, or other integrated transaction for U.S. federal income tax purposes, or investors
that have a functional currency other than the U.S. dollar), all of whom may be subject to tax rules that differ materially from
those summarized below. In addition, this summary does not discuss other U.S. federal tax consequences (e.g., estate or gift tax), any
state, local, or non-U.S. tax considerations or the Medicare tax or alternative minimum tax. In addition, this summary is limited to investors
that will hold our securities as “capital assets” (generally, property held for investment) under the Internal Revenue Code
of 1986, as amended, (the “Code”). No ruling from the Internal Revenue Service, (the “IRS”) has been or will be
sought regarding any matter discussed herein. No assurance can be given that the IRS would not assert, or that a court would not sustain
a position contrary to any of the tax aspects set forth below.

For purposes
of this summary, a “U.S. Holder” is a beneficial holder of securities who or that, for U.S. federal income tax purposes is:

| ● | an individual who is a United States citizen or resident of the United States; |

| ● | a corporation or other entity treated as a corporation for United States federal income tax purposes created in, or organized under the law of, the United States or any state or political subdivision thereof; |

| ● | an estate the income of which is includible in gross income for United States federal income tax purposes regardless of its source; or |

| ● | a trust (A) the administration of which is subject to the primary supervision of a United States court and which has one or more United States persons (within the meaning of the Code) who have the authority to control all substantial decisions of the trust or (B) that has in effect a valid election under applicable Treasury regulations to be treated as a United States person. |

A “non-U.S.
Holder” is a beneficial holder of securities that is neither a U.S. Holder nor a partnership for U.S. federal income tax purposes.

If a
partnership (including an entity or arrangement treated as a partnership for U.S. federal income tax purposes) holds our securities, the
tax treatment of a partner, member or other beneficial owner in such partnership will generally depend upon the status of the partner,
member or other beneficial owner, the activities of the partnership and certain determin