Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 46

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 46
---
 to $50,000,000 of our Common Stock to B. Riley Principal Capital II, we are only registering 10,900,000 shares    
 of our Common Stock under the registration statement that includes this prospectus, which may or may not cover all of the shares we ultimately 
 sell to B. Riley Principal Capital II under the Purchase Agreement. We will not issue more than an aggregate of 9,166,668 shares of our        
 Common Stock (the Exchange Cap, unless, to the extent applicable, otherwise approved by our stockholders or if the average price per share     
 paid by B. Riley Principal Capital II for all of the shares of Common Stock that we direct B. Riley Principal Capital II to purchase from      
 us pursuant to the Purchase Agreement, if any, equals or exceeds $4.43 per share). The number of shares to be issued as set forth in this      
 column (i) gives effect to the Exchange Cap and (ii) is without regard for the Beneficial Ownership Limitation.                                |

| (2) | The denominator is based on 45,890,164 shares of Common Stock outstanding as of April 23, 2024 (which, for these purposes, includes the 56,818 Commitment Shares we issued to B. Riley Principal Capital II on April 23, 2024), adjusted to include the issuance of the number of shares set forth in the adjacent column that we would have sold to B. Riley Principal Capital II, assuming the average purchase price in the first column. The numerator is based on the number of shares of Common Stock issuable under the Purchase Agreement (that are the subject of this offering) at the corresponding assumed average purchase price set forth in the first column. |

| (3) | The closing sale price of our Common Stock on the NYSE on April 23, 2024. |

| 23 |

<div align='center'>SELLING SECURITYHOLDER</div>

This
prospectus relates to the offer and sale by B. Riley Principal Capital II of up to 10,900,000 shares of our Common Stock that have
been or may be issued by us to B. Riley Principal Capital II under the Purchase Agreement. For additional information regarding the
shares of our Common Stock included in this prospectus, see the section titled “The Committed Equity Facility” above. We
are registering the shares of our Common Stock included in this prospectus pursuant to the provisions of the Registration Rights
Agreement we entered into with B. Riley