Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 5

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 5
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,000 Public Warrants to purchase 17,250,000
shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (ii) 6,580,000 Private Placement Warrants to purchase
6,580,000 shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (iii) 2,295,333 GCT Warrants to purchase
2,295,333 shares of our Common Stock, exercisable at an exercise price of $5.00, $10.00, and $18.75 per share, as applicable, as described
herein for the GCT Warrants and (iv) 148,320 Anapass Warrants to purchase 148,320 shares of our Common stock, exercisable at an exercise
price of $3.02 per share. If the market price of our Common Stock is less than the exercise price of a holder’s Warrants, it is
unlikely that holders will exercise their Warrants. There can be no assurance that our Warrants will be in the money prior to their expiration.
As such, it is possible that we may never generate any cash proceeds from the exercise of our Warrants. We will pay the expenses, other
than underwriting discounts and commissions, associated with the sale of securities pursuant to this prospectus.

Our registration of the securities
covered by this prospectus does not mean that either we or the Selling Securityholders will issue, offer or sell, as applicable, any of
the securities. The Selling Securityholders may offer and sell the securities covered by this prospectus in a number of different ways
and at varying prices. We provide more information in the section titled “Plan of Distribution.”

Sales
of a substantial number of shares of Common Stock in the public market, including the resale of the shares of Common Stock held by our
Selling Securityholders, specifically the Sponsors, the PIPE Investors and holders of our Private Placement Warrants pursuant to this
prospectus or pursuant to Rule 144, could occur at any time. These sales, or the perception in the market that the holders of a large
number of shares of Common Stock intend to sell shares, could reduce the market price of the Common Stock and make it more difficult for
you to sell your holdings at times and prices that you determine are appropriate. Shares of Common Stock held by certain of our Selling
Securityholders, specifically the Sponsors, the PIPE Investors and holders