Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 16

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 16
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 foregoing cautionary statements.
We undertake no obligations to update or revise publicly any forward-looking statements, whether as a result of new information, future
events or otherwise, except as required by law.

<div align='center'>USE OF PROCEEDS</div>

All of the securities
offered by the Selling Securityholders pursuant to this prospectus will be sold by the Selling Securityholders for their respective accounts.
We could receive up to an aggregate of approximately $103,317,920 if all of the Warrants held by the Selling Securityholders are exercised
for cash. Unless we inform you otherwise in a prospectus supplement or free writing prospectus, we intend to use the net proceeds from
the exercise of such Warrants for general corporate purposes, including, but not limited to, working capital for operations, capital
expenditures and future acquisitions. However, we will only receive such proceeds if and when the holders of the Warrants exercise the
Warrants for cash. The exercise of the Warrants, and any proceeds we may receive from their exercise, are highly dependent on the price
of any of our shares of Common Stock and the spread between the 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 is no established public trading market for the Private Placement Warrants or the Anapass Warrants and
we do not intend to apply for listing of the the Private Placement