Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 32

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 32
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 such Purchase Date or such earlier time publicly announced by the NYSE                                   
 as the official close of the regular trading session on such Purchase Date;                                                                |
| · | such time that the total aggregate number (or volume) of shares of Common Stock traded on the NYSE during                                  
 such Purchase Valuation Period (calculated in accordance with the Purchase Agreement) reaches the applicable Purchase Share Volume Maximum 
 for such Purchase, which will be determined by dividing (a) the applicable Purchase Share Amount for such Purchase, by (b) the             
 Purchase Percentage we specified in the applicable Purchase Notice for such Purchase); and                                                 |
| · | if we further specify in the applicable Purchase Notice for such Purchase that a Limit Order Discontinue                                   
 Election shall apply to such Purchase, such time that the trading price of our Common Stock on the NYSE during such Purchase Valuation     
 Period (calculated in accordance with the Purchase Agreement) falls below the applicable Minimum Price Threshold.                          |

Under the Purchase Agreement,
for purposes of calculating the volume of shares of Common Stock traded during a Purchase Valuation Period, including for purposes of
determining whether the applicable Purchase Share Volume Maximum for a Purchase has been reached, for purposes of calculating the VWAP
of our Common Stock for the applicable Purchase Valuation Period, and to the extent that we specify in the applicable Purchase Notice
that the Limit Order Discontinue Election will apply, the following transactions, to the extent they occur during such Purchase Valuation
Period, shall be 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 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 Purchase, and (z) if we have
specified in the applicable Purchase Notice for such Purchase that a Limit Order Continue Election shall apply to such Purchase (instead
of specifying that a Limit Order Discontinue Election shall apply), all purchases and sales of Common Stock on the NYSE during such Purchase
Valuation Period at a price per share that is less than the applicable Minimum Price Threshold for such Purchase.

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Intraday Purchases

In addition to the Purchases
described above, from and after the Commencement Date, we will also have the right, but not the obligation, subject to the continued satisfaction
of the conditions set forth in