Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 30

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 30
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 a total aggregate value equal to 0.50% of B. Riley Principal Capital II’s $50,000,000 total aggregate purchase commitment under the Purchase Agreement (assuming a purchase price of $4.40 per Commitment Share, representing the official closing price of the Common Stock on the NYSE on the tradingday immediately preceding the date of execution of the Purchase Agreement). Under the terms of the Purchase
Agreement, in certain circumstances set forth in the Purchase Agreement, we may be required to pay B. Riley Principal Capital II up
to $250,000 (or 0.50% of B. Riley Principal Capital II’s $50,000,000 aggregate purchase commitment under the Purchase
Agreement), in cash, as a “make-whole” payment to the extent the aggregate amount of cash proceeds, if any, received by
B. Riley Principal Capital II from their resale of the Commitment Shares offered for resale by this prospectus, prior to certain
times set forth in the Purchase Agreement, is less than $250,000, in exchange for B. Riley Principal Capital II returning to us for
cancelation all of the Commitment Shares we originally issued to them upon execution of the Purchase Agreement that were not
previously resold by B. Riley Principal Capital II prior to the times specified in the Purchase Agreement, if any. In addition, we
have agreed to reimburse B. Riley Principal Capital II for the reasonable legal fees and disbursements of B. Riley Principal Capital
II’s legal counsel in an amount not to exceed (i) $75,000 upon our execution of the Purchase Agreement and Registration
Rights Agreement and (ii) $5,000 per fiscal quarter, in each case in connection with the transactions contemplated by the
Purchase Agreement and the Registration Rights Agreement.

The Purchase Agreement and the Registration Rights Agreement contain customary representations, warranties, conditions and indemnification obligations of the parties. Copies of the agreements have been filed as exhibits to the registration statement that includes this
prospectus and are available electronically on the SEC’s website at www.sec.gov.

Purchases of Common Stock Under the Purchase Agreement

Purchases

From and after the Commencement
Date, we will have the right, but not the obligation, from time to time at our sole discretion for a period of up to 24 months beginning
on the Commencement Date, to direct B. Riley Principal Capital II to purchase a specified number of shares of Common Stock, not to exceed
the applicable Purchase Maximum