Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 79

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 79
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able Disposition of Common Stock and Warrants,” as applicable.

Foreign Account Tax Compliance Act

Sections
1471 through 1474 of the Code and the Treasury Regulations and administrative guidance promulgated thereunder (commonly referred as the
“Foreign Account Tax Compliance Act” or “FATCA”) generally impose withholding at a rate of 30% in certain circumstances
on dividends in respect of, and the gross proceeds of dispositions of, our securities which are held by or through certain foreign financial
institutions (including investment funds), unless any such institution (1) enters into, and complies with, an agreement with the
IRS to report, on an annual basis, information with respect to interests in, and accounts maintained by, the institution that are owned
by certain U.S. persons and by certain non-U.S. entities that are wholly or partially owned by U.S. persons and to withhold on certain
payments, or (2) if required under an intergovernmental agreement between the United States and an applicable foreign country, reports
such information to its local tax authority, which will exchange such information with the U.S. authorities. Under proposed Treasury Regulations
promulgated by the Treasury Department on December 13, 2018, which state that taxpayers may rely on the proposed Treasury Regulations
until final Treasury Regulations are issued, this withholding tax will not apply to the gross proceeds from the sale or disposition of
our securities. An intergovernmental agreement between the United States and an applicable foreign country may modify these requirements.
Accordingly, the entity through which our securities are held will affect the determination of whether such withholding is required. Similarly,
dividends in respect of our securities held by an investor that is a non-financial non-U.S. entity that does not qualify under certain
exceptions will generally be subject to withholding at a rate of 30%, unless such entity either (1) certifies to us or the applicable
withholding agent that such entity does not have any “substantial United States owners” or (2) provides certain information
regarding the entity’s “substantial United States owners,” which will in turn be provided to the U.S. Department of
Treasury. Prospective investors should consult their tax advisors regarding the possible implications of FATCA on their investment in
our securities.

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<div align='center'>LEGAL MATTERS</div>

The validity of the securities
offered by this prospectus will be passed upon for us by Morgan, Lewis & B