Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 45

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 45
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holder;                                           |

| · | upon consummation of the transaction which resulted in the stockholder becoming an interested stockholder,                                    
 the interested stockholder owned at least 85% of the voting stock of the corporation outstanding at the time the transaction commenced,       
 excluding for purposes of determining the voting stock outstanding, shares owned by persons who are directors and also officers, and employee 
 stock plans, in some instances; or                                                                                                            |

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| · | at or after the time the stockholder became interested, the business combination was approved by the Board                               
 of the corporation and authorized at an annual or special meeting of the stockholders by the affirmative vote of at least 66 2/3% of the 
 outstanding voting stock which is not owned by the interested stockholder.                                                               |

Under
certain circumstances, Section 203 of the DGCL will make it more difficult for a person who would be an “interested stockholder”
to effect various business combinations with a corporation for a three-year period. This provision may encourage companies interested
in acquiring us to negotiate in advance with our Board because the stockholder approval requirement would be avoided if our Board approves
either the business combination or the transaction which results in the stockholder becoming an interested stockholder. Section 203
of the DGCL also may have the effect of preventing changes in our Board and may make it more difficult to accomplish transactions which
stockholders may otherwise deem to be in their best interests.

Limitation on Liability and Indemnification of Directors and Officers

Our
Charter provides that the liability of the directors and officers of the Company to the Company or our stockholders for monetary damages
for breach of fiduciary duty as a director or officer, as applicable, shall be eliminated or limited to the fullest extent permitted under
applicable law as it now exists or may in the future be amended.

Our
Bylaws also permit us to purchase and maintain insurance on behalf of any officer, director, employee or agent of the Company for any
liability arising out of his or her status as such, regardless of whether the DGCL would permit indemnification.

These
provisions may discourage stockholders from bringing a lawsuit against our directors for breach of their fiduciary duty. These provisions
also may have the effect of reducing the likelihood of derivative litigation against directors and officers, even though such an action,
if successful, might otherwise benefit us and our stockholders. Furthermore, a stockholder’s investment may be adversely affected