Company: GCTS
Filing Date: 2025-05-16
Form Type: 8-K
Source: 0001104659-25-049992
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Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-16
Form: 8-K
Item: Item 1.01
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Item 1.01. Entry into a Material Definitive Agreement.

On May 15, 2025, GCT Semiconductor Holding, Inc.,
a Delaware corporation (the “ Company”), entered into securities purchase agreements (the “ Purchase Agreement”)
with certain institutional investors (the “ Purchasers”), pursuant to which the Company agreed to issue and sell to the Purchasers
in a registered direct offering (the “ Offering”) an aggregate of 7,006,370 shares (the “ Shares”) of the Company’s
common stock, par value $0.0001 per share (the “ Common Stock”) and warrants (the “ Warrants,” and together with
the Shares, the “ Securities”) to purchase up to 10,509,555 shares of Common Stock at a combined purchase price of $1.57 per
Share and accompanying Warrant, for aggregate gross proceeds of approximately $11 million. The Offering closed on May 16, 2025. The Company
intends to use the net proceeds from the Offering for working capital and other general corporate purposes.

The Warrants will have an exercise price of $1.71
per share, will be exercisable six months from issuance, and will expire five years following such initial date of exercise. The exercise
price and the number of shares of Common Stock issuable upon exercise of the Warrants are subject to adjustment in the event of, among
other things, certain transactions affecting the Company’s Common Stock (including, without limitation, stock splits and stock dividends).

The issuance and sale of the Securities is registered
under the Securities Act of 1933, as amended (the “ Securities Act”), pursuant to the Company’s Registration Statement
on Form S-3 (File No. 333-286316) as originally filed with the Securities and Exchange Commission (the “ SEC”) on
April 1, 2025, and declared effective by the SEC on April 9, 2025, and the base prospectus included therein.

On May 15, 2025, the Company entered into a Placement
Agency Agreement (the “ Placement Agency Agreement”) with Roth Capital Partners, LLC (“ Roth”), pursuant to which
Roth agreed to act as the Company’s exclusive placement agent in connection with the Offering. Pursuant to the terms of the Placement
Agency Agreement, in consideration for its placement agent services, the Company agreed to pay Roth a cash fee in an amount equal to 7.0%
of the aggregate gross proceeds received by the