Company: GCTS
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0000929638-25-001279
Chunk: 130

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 130
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 in the fair value of the common stock forward liability (in thousands):

| As of March 31, 2024    |     |   |    — |   |
|:------------------------|:----|:--|-----:|:--|
| Loss from initial       
 recognition             |     |   |  586 |   |
| Settlement in equity    |     |   | (271 | ) |
| As of December 31, 2024 |     | $ |  315 |   |

6. Balance Sheet Components Inventory

Inventories consist of the following (in thousands):

|                 |     | 2024 | December 31, |     | 2023 | December 31, |
|:----------------|:----|:-----|-------------:|:----|:-----|-------------:|
| Raw materials   |     | $    |        1,005 |     | $    |          448 |
| Work-in-process |     |      |          224 |     |      |          601 |
| Finished goods  |     |      |        1,748 |     |      |          437 |
| Total inventory |     | $    |        2,977 |     | $    |        1,486 |

Prepaid expenses and other current assets

Prepaid expenses and other current assets consist of the following (in thousands):

|                                                 |     | 2024 | December 31, |     | 2023 | December 31, |
|:------------------------------------------------|:----|:-----|-------------:|:----|:-----|-------------:|
| Prepaid insurance and other expenses            |     | $    |        1,192 |     | $    |          433 |
| Prepaid research and development                |     |      |          472 |     |      |            — |
| Lease deposit                                   |     |      |          389 |     |      |          434 |
| Prepaid inventory                               |     |      |          209 |     |      |          279 |
| Other receivables and current assets            |     |      |           70 |     |      |          117 |
| Deferred transaction costs                      |     |      |            — |     |      |        1,643 |
| Total prepaid expenses and other current assets |     | $    |        2,332 |     | $    |        2,906 |

Property