Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 33

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 33
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 other similar event, then, on the effective date of such stock
capitalization or stock dividend, split-up or similar event, the number of shares of our Common Stock issuable on exercise of each Public
Warrant will be increased in proportion to such increase in the outstanding shares of common stock. A rights offering to holders of common
stock entitling holders to purchase Common Stock at a price less than the “historical fair market value” (as defined below)
will be deemed a stock dividend of a number of shares of our Common Stock equal to the product of (i) the number of shares of our Common
Stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible
into or exercisable for Common Stock) and (ii) one minus the quotient of (x) the price per share of our Common Stock paid in such rights
offering and (y) the historical fair market value. For these purposes, (i) if the rights offering is for securities convertible into
or exercisable for shares of our Common Stock, in determining the price payable for Common Stock, there will be taken into account any
consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) “historical
fair market value” means the volume-weighted average price of shares of our Common Stock as reported during the ten trading day
period ending on the trading day prior to the first date on which the shares of our Common Stock trade on the applicable exchange or
in the applicable market, regular way, without the right to receive such rights.

In addition, if we, at any
time while the Public Warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets
to the holders of shares of our Common Stock on account of such Common Stock (or other securities into which the Public Warrants are
convertible), other than (a) as described above, (b) any cash dividends or cash distributions which, when combined on a per share basis
with all other cash dividends and cash distributions paid on the shares of our Common Stock during the 365-day period ending on the date
of declaration of such dividend or distribution does not exceed $0.50 (as adjusted to appropriately reflect any other adjustments and
excluding cash dividends or cash distributions that resulted in an adjustment to the exercise price or to the number of shares of our
Common Stock issuable on exercise of each Public