Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 21

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 21
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 faced by us described or
incorporated by reference in this prospectus. See “Cautionary Note Regarding Forward-Looking Statements.”

<div align='center'>Risks Related to the Offering</div>

It is not possible to predict the actual number of shares we will sell under the Purchase Agreement to B. Riley Principal Capital II, or the actual gross proceeds resulting from those sales.

On April
23, 2024, we entered into a Common Stock Purchase Agreement with B. Riley Principal Capital II (the “Purchase Agreement”),
pursuant to which B. Riley Principal Capital II has committed to purchasing up to $50,000,000 of shares of the Common Stock, subject to
certain limitations and conditions set forth in the Purchase Agreement. The shares of the Common Stock that may be issued under the Purchase
Agreement may be sold by us to B. Riley Principal Capital II at our discretion from time to time for a period of up to 24 months, unless
the Purchase Agreement is earlier terminated, beginning on the Commencement Date.

We generally
have the right to control the timing and amount of any sales of the shares of Common Stock to B. Riley Principal Capital II under the
Purchase Agreement. Sales of the Common Stock, if any, to B. Riley Principal Capital II under the Purchase Agreement will depend upon
market conditions and other factors to be determined by our company. We may ultimately decide to sell to B. Riley Principal Capital II
all, some, or none of the shares of the Common Stock that may be available for us to sell to B. Riley Principal Capital II pursuant to
the Purchase Agreement.

Because
the per-share purchase price that B. Riley Principal Capital II will pay for Purchase Shares in any Market Open Purchase or Intraday Purchase
that we may elect to effect pursuant to the Purchase Agreement will be determined by reference to the VWAP during the applicable Market
Open Purchase Valuation Period or Intraday Purchase Valuation Period, respectively, on the applicable Purchase Date for such Market Open
Purchase or Intraday Purchase, as of the date of this prospectus, it is not possible for us to predict the number of shares of Common
Stock that we will sell to B. Riley Principal Capital II under the Purchase Agreement, the purchase price per share that B. Riley Principal
Capital II will pay for shares purchased from us under the Purchase Agreement, or the aggregate gross proceeds that we will receive from
those purchases by B. Riley Principal Capital II under the