Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 62

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 62
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 and FINRA member, which will act as an executing broker
that will effectuate resales of our Common Stock that may be acquired by B. Riley Principal Capital II from us pursuant to the Purchase
Agreement to the public in this offering. Because B. Riley Principal Capital II will receive all the net proceeds from such resales of
our Common Stock made to the public through BRS, BRS is deemed to have a “conflict of interest” within the meaning of FINRA
Rule 5121. Consequently, this offering will be conducted in compliance with the provisions of FINRA Rule 5121, which requires
that a “qualified independent underwriter,” as defined in FINRA Rule 5121, participate in the preparation of the registration
statement that includes this prospectus and exercise the usual standards of “due diligence” with respect thereto. Accordingly,
we have engaged Seaport Global Services LLC, a registered broker-dealer and FINRA member (“Seaport”), to be the qualified
independent underwriter in this offering and, in such capacity, participate in the preparation of the registration statement that includes
this prospectus and exercise the usual standards of “due diligence” with respect thereto. B. Riley Principal Capital II has
agreed to pay Seaport a cash fee of $50,000 upon the initial filing of the registration statement that includes this prospectus with the
SEC as consideration for its services and to reimburse Seaport up to $5,000 for expenses incurred in connection with acting as the qualified
independent underwriter in this offering. In accordance with FINRA Rule 5110, such cash fee and expense reimbursement to be paid
to Seaport for acting as the qualified independent underwriter in this offering are deemed to be underwriting compensation in connection
with sales of our Common Stock by B. Riley Principal Capital II to the public. Seaport will receive no other compensation for acting as
the qualified independent underwriter in this offering. In accordance with FINRA Rule 5121, BRS is not permitted to sell shares of
our Common Stock in this offering to an account over which it exercises discretionary authority without the prior specific written approval
of the account holder.

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Except
as set forth above, we know of no existing arrangements between the Selling Securityholder and any other stockholder, broker, dealer,
underwriter or agent relating to the sale or distribution of the shares of our Common Stock offered by this prospectus.

Brokers,