Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 33

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 33
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 the Purchase Agreement, to direct B. Riley Principal Capital II to make Intraday Purchases, whether or
not a Purchase is effected on such Purchase Date, not to exceed the applicable Intraday Purchase Maximum Amount, under the Purchase Agreement,
by timely delivering a written Intraday Purchase Notice to B. Riley Principal Capital II, after 10:00 a.m., New York City time (and after
the Purchase Valuation Period for any earlier Purchase and the Intraday Purchase Valuation Period for the most recent prior Intraday Purchase
effected on the same Purchase Date as such applicable Intraday Purchase, if applicable, have ended), and prior to 3:30 p.m., New York
City time, on such Purchase Date, so long as:

| · | the closing sale price of our Common Stock on the NYSE on the trading day immediately prior to such Purchase 
 Date is not less than the Threshold Price; and                                                               |

| · | all shares of Common Stock subject to all prior Purchases and all prior Intraday Purchases effected by                                      
 us under the Purchase Agreement (as applicable) have been received by B. Riley Principal Capital II in the manner set forth in the Purchase 
 Agreement, prior to the time we deliver such Intraday Purchase Notice to B. Riley Principal Capital II.                                     |

The Intraday Purchase Maximum Amount applicable
to such Intraday Purchase will be equal to the lesser of:

| · | 1,000,000 shares of Common Stock; and |

| · | the Purchase Percentage (as specified by us in the applicable Intraday Purchase Notice for such Intraday                                     
 Purchase) of the total aggregate number (or volume) of shares of our Common Stock traded on the NYSE during the applicable Intraday Purchase 
 Valuation Period for such Intraday Purchase.                                                                                                 |

The actual number of shares
of Common Stock that B. Riley Principal Capital II will be required to purchase in an Intraday Purchase, referred to as the Intraday Purchase
Share Amount, will be equal to the number of shares that we specify in the applicable Intraday Purchase Notice, subject to adjustment
to the extent necessary to give effect to the applicable Intraday Purchase Maximum Amount and other applicable limitations set forth in
the Purchase Agreement, including the Beneficial Ownership Limitation and, if then applicable, the Exchange Cap.

The per share purchase price
that B. Riley Principal Capital II will be required to pay for the Intrad