Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 35

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 35
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As with Purchases, for purposes
of calculating the volume of shares of Common Stock traded during an Intraday Purchase Valuation Period, including for purposes of determining
whether the applicable Intraday Purchase Share Volume Maximum for an Intraday Purchase has been reached, and for purposes of calculating
the VWAP of our Common Stock for the applicable Intraday Purchase Valuation Period, the following transactions, to the extent they occur
during such Intraday Purchase Valuation Period, are excluded: (x) the opening or first purchase of Common Stock at or following the
official open of the regular trading session on the NYSE on the applicable Purchase Date for such Intraday Purchase, (y) the last
or closing sale of Common Stock at or prior to the official close of the regular trading session on the NYSE on the applicable Purchase
Date for such Intraday Purchase, and (z) if we have specified in the applicable Intraday Purchase Notice for such Intraday Purchase
that a Limit Order Continue Election shall apply to such Intraday Purchase (instead of specifying that a Limit Order Discontinue Election
shall apply), all purchases and sales of Common Stock on the NYSE during such Intraday Purchase Valuation Period at a price per share
that is less than the applicable Minimum Price Threshold for such Intraday Purchase.

We may, in our sole
discretion, timely deliver multiple Intraday Purchase Notices to B. Riley Principal Capital II prior to 3:30 p.m., New York City
time, on a single Purchase Date to effect multiple Intraday Purchases on such same Purchase Date, provided that the Purchase
Valuation Period for any earlier regular Purchase effected on the same Purchase Date (as applicable) and the Intraday Purchase
Valuation Period for the most recent prior Intraday Purchase effected on the same Purchase Date have ended prior to 3:30 p.m., New
York City time, on such Purchase Date, and so long as all shares of Common Stock subject to all prior Purchases and all prior
Intraday Purchases effected by us under the Purchase Agreement, including all prior purchases effected on the same Purchase Date as
such applicable Intraday Purchase, have been received by B. Riley Principal Capital II in the manner set forth in the Purchase
Agreement prior to the time that we deliver to B. Riley Principal Capital II a new Intraday Purchase Notice to effect an additional
Intraday