Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 28

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 28
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 for stock splits, stock dividends, reorganizations, 
 recapitalizations and the like and certain issuances of Common Stock and equity-linked securities). |

<div align='center'>19</div>

If and when the Public
Warrants become redeemable by us, we may exercise our redemption right even if we are unable to register or qualify the underlying securities
for sale under all applicable state securities laws. However, we will not redeem the Public Warrant unless an effective registration
statement under the Securities Act covering the shares of our Common Stock issuable upon exercise of the Public Warrants is effective
and a current prospectus relating to those shares of our Common Stock is available throughout the 30-day redemption period.

We have established the
last of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium
to the Public Warrant exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption of the Public Warrants,
each Public Warrant holder will be entitled to exercise his, her or its Public Warrant prior to the scheduled redemption date. Any such
exercise would not be done on a “cashless” basis and would require the exercising Public Warrant holder to pay the exercise
price for each Public Warrant being exercised. However, the price of the shares of our Common Stock may fall below the $18.00 redemption
trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like and certain issuances of
Common Stock and equity-linked securities) as well as the $11.50 (for whole shares) Public Warrant exercise price after the redemption
notice is issued.

Redemption of Public Warrants When the Price per Share of Our Common Stock Equals or Exceeds $10.00

Once the Public Warrants
become exercisable, we may redeem the outstanding Public Warrants (except as described herein with respect to the Private Placement Warrants):

| · | in                     
 whole and not in part; |

| · | at                                                                                         
 $0.10 per Public Warrant upon a minimum of 30 days’ prior written notice of redemption;    
 provided that holders will be able to exercise their Public Warrants on a cashless basis   
 prior to redemption and receive that number of shares determined by reference to the table 
 below, based on the redemption date and the “fair market value” of our Common              
 Stock (as defined below);                                                                  |

| · | if,                                                                                                 
 and