Company: GCTS
Filing Date: 2025-04-01
Form Type: S-3
Source: 0000950170-25-048684
Chunk: 37

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-01
Form: S-3
Chunk 37
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 We and the sales agents may suspend the offering of Common Stock upon proper notice to the other party and subject to other conditions. We and the sales agents each have the right, by giving written notice as specified in the sales agreement, to terminate the sales agreement in each party’s sole discretion at any time upon five days’ prior notice.

Under the terms of the sales agreement, we may also sell our Common Stock to the sales agents, as principal for their own account, at a price negotiated at the time of sale, provided that no sales may be made in a principal transaction without our prior consent.

Unless otherwise specified in the applicable placement notice, settlement for shares of our Common Stock will occur on the trading day following the date on which the sales are made. Sales of our Common Stock as contemplated in this prospectus will be settled through the facilities of The Depository Trust Company or by such other means as we and the sales agents may agree upon. There is no arrangement for funds to be received in an escrow, trust or similar arrangement.

We will pay the sales agents a commission for their services in acting as agents in the sale of Common Stock at a commission rate of equal to 3.0% of the gross proceeds from each sale. We also agreed to reimburse the sales agents for certain specified fees and documented expenses, including the fees and documented expenses of their legal counsel in an amount not to exceed $75,000, plus an additional amount not to exceed $5,000 per fiscal quarter on an ongoing basis during the term of the sales agreement, as provided in the sales agreement. Because there is no minimum offering amount required as a condition to close this offering, the actual total public offering amount, commissions and proceeds to us, if any, are not determinable at this time. In addition, we will pay H.C. Wainwright & Co., LLC an additional financial advisory fee equal to 0.27% of the gross proceeds received by us from the sale of Common Stock made through or to the Agents pursuant to the sales agreement. We estimate that the total expenses for the offering, excluding compensation payable to the sales agents and expense reimbursement under the terms of the sales agreement, will be up to approximately $236,120.

In addition, the sales agreement provides that we will not (i) take any action designed to cause or result in, or that constitutes or would reasonably be expected to constitute, the stabilization or manipulation of the price of any of our securities to facilitate the sale or resale of Common Stock, or (ii)