Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 25

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 25
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19</div>

Warrants

As of April 10, 2025,
there were 26,273,653 of our Warrants to purchase our Common Stock outstanding, consisting of 17,250,000 Public Warrants, 6,580,000 Private
Placement Warrants held by the Sponsors and Affiliated Stockholder, 2,295,333 GCT Warrants and 148,320 Anapass Warrants. Each whole Warrant
entitles the registered holder to purchase one share of our Common Stock at a price of $11.50 per share for Public Warrants and Private
Placement Warrants, $5.00, $10.00, $18.75 for GCT Warrants and $3.02 for the Anapass Warrants, subject to adjustment as discussed below,
at any time commencing on the later of 30 days after the completion of an initial business combination or 12 months from the closing
of the IPO. Our Public Warrants and Private Placement Warrants will expire on the fifth anniversary of Business Combination, at 5:00
p.m., New York City time, or earlier upon redemption or liquidation. The Anapass Warrants will expire on September 26, 2029.

Public Warrants

Each Public Warrant entitles
the registered holder to purchase one share of our Common Stock at a price of $11.50 per share, subject to adjustment as discussed below,
at any time commencing 30 days after the closing of the business combination, which occurred on March 26, 2024 (the “Closing”).
The Public Warrants will expire five years after the Closing of the business combination, at 5:00 p.m., New York City time, or earlier
upon redemption or liquidation.

We will not be obligated
to deliver any shares of our Common Stock pursuant to the exercise of a Public Warrant and will have no obligation to settle such Public
Warrant exercise unless a registration statement under the Securities Act with respect to the shares of our Common Stock underlying the
Public Warrants is then effective and a prospectus relating thereto is current, subject to our satisfying our obligations described below
with respect to registration. No Public Warrant will be exercisable and we will not be obligated to issue shares of our Common Stock
upon exercise of a Public Warrant unless the Common Stock issuable upon such Public Warrant exercise has been registered, qualified or
deemed to be exempt under the securities laws