Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 5

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 5
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 exercise price
of the Warrants and the price of our Common Stock at the time of exercise. We have outstanding (i) 17,250,000 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 any of 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 any 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
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