Company: GCTS
Filing Date: 2025-05-16
Form Type: 8-K
Source: 0001104659-25-049992
Chunk: 1

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-16
Form: 8-K
Item: Item 1.01
Chunk 1
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 Company in connection with the Offering.

In addition, pursuant to the Purchase Agreement,
the Company and its directors, executive officers and other beneficial holders have entered into lock-up agreements (the “ Lock-Up
Agreements”) pursuant to which they agreed not to offer for sale, contract to sell, or sell any shares of the Company’s Common
Stock or any securities convertible into, or exercisable or exchangeable for, shares of the Company’s Common Stock, for a period
of 60 days from the closing of the Offering, subject to certain customary exceptions.

The Purchase Agreement also provides that the
Company may not, subject to the exceptions described in the Purchase Agreement, effect or enter into any Variable Rate Transactions (as
defined in the Purchase Agreement) until six months after the closing date of the Offering.

A copy of the opinion of Morgan, Lewis & Bockius
LLP relating to the legality of the issuance and sale of the Securities in the Offering is attached as Exhibit 5.1 hereto. The form of
Warrant, the form of Purchase Agreement and the Placement Agency Agreement are filed as Exhibits 4.1, 10.1, and 10.2 hereto, respectively,
and are incorporated herein by reference. The foregoing description of such documents and the transactions contemplated thereby is qualified
in its entirety by reference to such exhibits.

Item 8.01. Other Events.