Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 26

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 26
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 of the state of residence of the registered holder of the Public Warrant. In the event
that the conditions in the two immediately preceding sentences are not satisfied with respect to a Public Warrant, the holder of such
Public Warrant will not be entitled to exercise such Public Warrant and such Public Warrant may have no value and expire worthless. In
no event will we be required to net cash settle any Public Warrant.

If a registration statement
covering the shares of our Common Stock issuable upon exercise of the Public Warrants is not effective by the 60th business day after
the Closing of the business combination, Public Warrant holders may, until such time as there is an effective registration statement
and during any period when we will have failed to maintain an effective registration statement, exercise warrants on a “cashless
basis” in accordance with Section 3(a)(9) of the Securities Act or another exemption. Notwithstanding the foregoing, if a registration
statement covering the Company’s Common Stock issuable upon exercise of the Public Warrants is not effective within a specified
period following the Closing of the business combination, warrant holders may, until such time as there is an effective registration
statement and during any period when we shall have failed to maintain an effective registration statement, exercise Public Warrants on
a cashless basis pursuant to the exemption provided by Section 3(a)(9) of the Securities Act of 1933, as amended, or the Securities Act,
provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise
their Public Warrants on a cashless basis.

Redemption of Warrants When the Price per Share of Our Common Stock Equals or Exceeds $18.00

Once the Public Warrants
become exercisable, we may redeem the outstanding Public Warrant (except as described herein with respect to the Private Placement Warrants):

| ● | in                     
 whole and not in part; |

| ● | at                            
 a price of $0.01 per warrant; |

| ● | upon                                                                                  
 not less than 30 days’ prior written notice of redemption to each warrant holder; and |

| ● | if,                                                                                                 
 and only if, the last reported sale price of the shares of our Common Stock for any 20 trading      
 days within a 30-trading day period ending three business days before we send to the notice         
 of redemption to the warrant holders (which we refer to as the “Reference