Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 64

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 64
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 the date of this Agreement), upon execution of the Purchase
Agreement and the Registration Rights Agreement and (ii) pay B. Riley Principal Capital II a cash commitment fee in the amount of
$0 (the “Cash Commitment Fee”), upon the settlement of the first purchase, if any, that we direct B. Riley Principal Capital
II to make under the Purchase Agreement. If we do not direct B. Riley Principal Capital II to make any purchases under the Purchase Agreement,
or if the Commencement does not occur, then we have agreed to pay the $0 Cash Commitment Fee to B. Riley Principal Capital II within three
trading days following the termination of the Purchase Agreement in accordance with its terms. In accordance with FINRA Rule 5110,
the 56,818 Commitment Shares and the $0 Cash Commitment Fee are deemed to be underwriting compensation in connection with sales of our
shares of Common Stock by B. Riley Principal Capital II to the public.

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We
have further agreed that if, after the Commencement Date, the aggregate amount of cash proceeds received by B. Riley Principal Capital
II from their resale of all of the Commitment Shares is less than $250,000, or 0.50% of B. Riley Principal Capital II’s $50,000,000
total dollar amount purchase commitment under the Purchase Agreement, then we will pay B. Riley Principal Capital II, in cash, the amount
by which $250,000 exceeds the aggregate net proceeds received by B. Riley Principal Capital II from their resale of all of the Commitment
Shares offered through this prospectus. Furthermore, we have agreed that if B. Riley Principal Capital has not resold all of the Commitment
Shares that we had issued to them upon execution of the Purchase Agreement, all of which are being offered for resale through this prospectus,
prior to the earliest of (i) the effective date of the termination of the Purchase Agreement by us or B. Riley Principal Capital
II in accordance with its terms, (ii) the 121st calendar day after the date of this prospectus, (iii) the calendar day on which
the effectiveness of the registration statement that includes this prospectus lapses, or this prospectus otherwise becomes unavailable
for any reason to B. Riley Principal Capital II for the resale of all of the Commitment Shares being offered hereby, or (iv) the
date on which our Common Stock fails to be listed or has ceased to