Company: GCTS
Filing Date: 2025-03-26
Form Type: 424B3
Source: 0000929638-25-001281
Chunk: 101

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-26
Form: 424B3
Chunk 101
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 Annual Report on Form 10-K. 41 We intend to mitigate the risk of any working capital deficit by continuing to seek and execute appropriate actions to secure funding as a publicly traded company, including extension and refinancing of existing loans, executing public or private equity offerings, debt financings, and other means. We have historically been able to raise capital through the issuance and sale of equity and equity-linked instruments, such as redeemable convertible preferred stock, convertible promissory notes, and borrowings, although no assurance can be provided that we would continue to be successful in doing so in the future. We expect to use such additional liquidity and the cash and cash equivalents available to us after the Closing to finance the following activities: • Cost of mass production of 5G and other products, including masks, wafers and design house fees; • Acquisition of IP and tool enhancement to develop next generation of product; • Hiring of additional personnel in engineering and sales and marketing functions; and • Improvement of engineering equipment. While we believe that we have a reasonable basis for our expectation and we will be available to raise additional funds, we cannot provide assurance that we will be able to complete additional financing in a timely manner. In addition, the sale of additional equity securities could result in dilution to our stockholders. The incurrence of indebtedness would result in increased debt service obligations and may include operating and financial covenants that would restrict our operations. We cannot be certain that any financing will be available in the amounts we need or on terms acceptable to us, if at all. Should we enter into definitive collaboration and/or joint venture agreements or engage in business combinations in the future, we may be required to seek additional financing. Cash flow Comparison for the Years Ended December 31, 2024 and 2023 The following table summarizes our cash flows for the periods indicated (in thousands):

|                                                              |     | Year Ended December 31, |    2024 |   |     |   |   2023 |   |
|:-------------------------------------------------------------|:----|:------------------------|--------:|:--|:----|:--|-------:|:--|
| Net cash used in operating activities                        |     | $                       | (30,957 | ) |     | $ | (8,827 | ) |
| Net cash used in investing activities                        |     |                         |    (542 | ) |     |   |   (331 | ) |
| Net cash provided by financing activities                    |     |                         |