Company: GCTS
Filing Date: 2025-08-04
Form Type: DEF 14A
Source: 0000950170-25-102009
Chunk: 8

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-08-04
Form: DEF 14A
Chunk 8
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 hold your shares in street name, your broker may not vote your shares for you if you do not provide instructions to your broker. |     | No            |     | Majority of votes cast affirmatively                                    |     | No impact     |     | No impact                         |

How will GCT’s representative proxy holders vote for me? John Schlaefer, our President and Chief Executive Officer, and Edmond Cheng, our Chief Financial Officer and Corporate Secretary, or anyone else that they choose as their substitutes, have been appointed by the Board as proxy holders to vote in your place as your proxies at the Annual Meeting. The proxy holders will vote your shares as you instruct them. If you sign, date, and return the enclosed proxy card and do not indicate how you want your shares voted, the proxy holders will vote as our Board recommends. If there is an interruption or adjournment of the Annual Meeting before the agenda is completed, the proxy holders may still vote your shares when the meeting resumes. If a broker holds your common stock, they will ask you for instructions and instruct the proxy holders to vote the shares held by them in accordance with your instructions. Why is GCT submitting Proposal 3 (the “NYSE Approval Proposal”) to its stockholders? Our common stock is listed on the NYSE, and we are subject to the rules set forth in the NYSE Listed Company Manual (the “NYSE rules”). Section 312.03(c) of the NYSE rules requires stockholder approval prior to the issuance of common stock, or securities convertible into or exercisable for common stock, in any transaction or series of related transactions if the potential issuance equals or exceeds 20% of the outstanding common stock or voting power before such issuance, other than in a public offering for cash. Our equity line of credit facility allows us to issue shares of our common stock to raise capital in an amount up to $50 million, and may result in the issuance of shares of our common stock in excess of 19.99% of our currently outstanding common stock. Therefore, in order for us to have the flexibility to raise the maximum amount under the ELOC, we are seeking stockholder approval for purposes of complying with Section 312.03(c) of the NYSE rules. The NYSE Approval Proposal requires the affirmative vote of a majority of the votes cast on the proposal.

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What will happen if the NYSE Approval Proposal is not approved?If we are unable to obtain approval of the NYSE Approval Proposal