Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 24

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 24
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 more outstanding series of Preferred Stock if the holders of such affected series of Preferred Stock are entitled to vote, either
separately or together with the holders of one or more other such series, on such amendment pursuant to our Charter (or pursuant to a
certificate of designations of any series of Preferred Stock) or pursuant to the DGCL. There will be no cumulative voting.

Dividends

Except
as otherwise provided by the DGCL or our Charter, dividends may be declared and paid on our Common Stock from funds lawfully available
therefor if, as and when determined by our Board and subject to any preferential dividend rights of any then outstanding shares of Preferred
Stock.

Liquidation

Upon
the dissolution or liquidation or winding up of the affairs of the Company, whether voluntary or involuntary, holders of our Common Stock
will be entitled to receive all our assets available for distribution to our stockholders equally on a per share basis, subject to any
preferential rights of any then outstanding shares of Preferred Stock and after payment or provision for payment of our debts.

Preemptive Rights; Redemption Rights

The
holders of our Common Stock will have no preemptive rights to subscribe for any shares of any class of our stock.Our Common
Stock will not be convertible into, or exchangeable for, shares of any other class or classes or of any other series of the same class
of our capital stock.

Election of Directors

Our
Board is divided into three classes, each of which generally serve for a term of three years with only one class of directors being
elected in each year.

Preferred Stock

Our
Charter provides that shares of our Preferred Stock may be issued from time to time in one or more series. Our Board will be authorized
to establish the voting rights, if any, designations, preferences and relative, participating, optional or other special rights of the
shares of such series, and the qualifications, limitations or restrictions thereof, applicable to the shares of each series of our Preferred
Stock. Our Board can, without stockholder approval, issue our Preferred Stock with voting and other rights that could adversely affect
the voting power and other rights of the holders of our Common Stock and could have anti-takeover effects. The ability of our Board
to issue our Preferred Stock without stockholder approval could have the effect of delaying, deferring or preventing a change of control
or the removal of existing management. We have no Preferred Stock outstanding at the date hereof.

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