Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 16

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 16
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 may receive from their exercise, are highly dependent on the
price of any of our shares of Common Stock and the spread between the exercise price of the Warrants and the price of our Common Stock
at the time of exercise. We have outstanding (i) 17,250,000 Public Warrants to purchase 17,250,000 shares of our Common Stock, exercisable
at an exercise price of $11.50 per share, (ii) 6,580,000 Private Placement Warrants to purchase 6,580,000 shares of our Common Stock,
exercisable at an exercise price of $11.50 per share, (iii) 2,295,333 GCT Warrants to purchase 2,295,333 shares of our Common Stock,
exercisable at an exercise price of $5.00, $10.00, and $18.75 per share, as applicable, as described herein for the GCT Warrants and
(iv) 148,320 Anapass Warrants to purchase 148,320 shares of our Common stock, exercisable at an exercise price of $3.02 per share.
If the market price of our Common Stock is less than the exercise price of a holder’s Warrants, it is unlikely that holders will
exercise their Warrants.

As of April 21, 2025,
the closing price of our Common Stock was $1.41 per share, and the closing price of our Warrants, was $0.08 per Warrant. There can be
no assurance that our Warrants will be in the money prior to their expiration. As such, it is possible that we may never generate any
cash proceeds from the exercise of our Warrants.

The Selling Securityholders
will pay any underwriting commissions and discounts, and expenses incurred by the Selling Securityholders for brokerage, marketing costs,
or legal services (other than those detailed below). We will bear the costs, fees and expenses incurred in effecting the registration
of the securities covered by this prospectus, including all registration and filing fees, securities or blue sky law compliance fees,
fees and expenses of our counsel and our independent registered public accounting firm, and fees and expenses of legal counsel (subject
to certain dollar limitations).

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SELLING SECURITYHOLDERS</div>

This prospectus relates to
the offer and sale from time to time by the Selling Securityholders of up to: (i) up to 36,261,