Company: GCTS
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001104659-25-049833
Chunk: 10

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 10
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 net tangible book value as of March 31, 2025 would have been
approximately negative $57.3 million, or negative $1.04 per share. This represents an immediate increase in net tangible book value per
share of $0.36 to existing stockholders and immediate dilution of $2.61 per share to new investors purchasing Securities in this Offering.
Dilution per share to new investors is determined by subtracting as adjusted net tangible book value per share after this Offering from
the offering price per share paid by new investors. The following table illustrates this dilution on a per share basis:

| Offering price per share                                                   
 Historical net tangible book value per share as of March 31, 2025          |     |     | (1.40 | ) |     |   |  1.57 |   |
|:---------------------------------------------------------------------------|:----|:----|------:|:--|:----|:--|------:|:--|
| Increase in net tangible book value per share                              |     |     |  0.36 |   |     |   |       |   |
| As adjusted net tangible book value per share after this offering          |     |     |       |   |     |   | (1.04 | ) |
| Dilution per share to new investors purchasing Securities in this Offering |     |     |       |   |     | $ |  2.61 |   |

The number of shares of our
Common Stock outstanding immediately before and after this Offering is based on 48,246,984 shares issued and outstanding as of March 31,
2025 and excludes:

| · | 3,983,334 shares of our Common Stock reserved for future issuance under our 2024 Incentive Compensation                                     
 Plan;                                                                                                                                       |
| · | 600,000 shares of our Common Stock reserved for future issuance under our 2024 Employee Stock Purchase                                      
 Plan;                                                                                                                                       |
| · | 362,255 shares of our Common Stock issuable upon exercise of outstanding options at a weighted-average                                      
 exercise price of $0.11 per share;                                                                                                          |
| · | 292,308 shares of our Common Stock subject to restricted stock units awarded under our 2011 Incentive                                       
 Compensation Plan;                                                                                                                          |
| · | 1,295,144 shares of our Common Stock subject to restricted stock units awarded under our 2024 Incentive                                     
 Compensation Plan                                                                                                                           |