Company: GCTS
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0000929638-25-001281
Chunk: 27

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 27
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 no guarantee that we will be able to secure capacity agreements in the future. • If our foundry vendors do not achieve satisfactory yields or quality, our reputation, customer relationships and financial performance could be harmed. • Our business may be impacted by political events, war, terrorism, business interruptions and other geopolitical events and uncertainties beyond our control, including the Russian-Ukraine and conflicts in the Middle East. Risks Related to our Finances • We have a history of losses, and we may not achieve or sustain profitability in the future, on a quarterly or annual basis. • We have significant ongoing capital requirements that could have a material effect on our business and financial condition if we are unable to generate sufficient cash from operations or unable to raise capital on favorable terms. • Our indebtedness could adversely affect our operations, including our ability to perform our obligations and fund working capital. Risks Relating to Our Intellectual Property • Our failure to protect our intellectual property rights adequately could impair our ability to compete effectively or to defend ourselves from litigation. • The enforcement and protection of our intellectual property may be expensive, could fail to prevent misappropriation or unauthorized use of our intellectual property, could result in the loss of our ability to enforce one or more patents, and could be adversely affected by changes in patent laws, by laws in certain foreign jurisdictions that may not effectively protect our intellectual property and by ineffective enforcement of laws in such jurisdictions. • We rely upon third parties for supporting technology that is integrated into some of our products, and if we are unable to continue to use this technology and future technology, our ability to sell technologically advanced products would be limited. Risks Related to Ownership of Our Common Stock and Our Corporate Structure • The market price of our Common Stock may be volatile, which could cause the value of your investment to decline. • We do not intend to pay dividends on our Common Stock and, consequently, your ability to achieve a return on your investment will depend on appreciation in the price of our Common Stock. • Our major shareholder exerts significant influence over our business and affairs. • Future sales of shares of Common Stock may depress our stock price iv PART I Item 1. Business. Company Overview GCT Semiconductor Holding, Inc. (“GCT” or the “Company”) was founded in Silicon Valley, California in 1998 as GCT Semiconductor, Inc., and the Company is a fabless semiconductor company that specializes in the design, manufacturing and sale of communication semiconductors, including high-speed wireless communication technologies such as 5G/4