Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 18

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 18
---
818 Commitment Shares that we issued to B. Riley Principal Capital II, following our execution of the Purchase Agreement,
on April 23, 2024, and (ii) up to 10,843,182 shares of Common Stock that may be issued to B. Riley Principal Capital II from
and after the Commencement Date, if and when we elect to sell shares to B. Riley Principal Capital II under the Purchase Agreement. Depending
on the market prices of our Common Stock at the time we elect to issue and sell shares to B. Riley Principal Capital II under the Purchase
Agreement, we may need to register under the Securities Act additional shares of our Common Stock for resale by B. Riley Principal Capital
II in order to receive aggregate gross proceeds equal to the $50,000,000 available to us under the Purchase Agreement.

If we elect to issue and
sell to B. Riley Principal Capital II more than the 10,900,000 shares of Common Stock being registered under the Securities Act for resale
by B. Riley Principal Capital II under the registration statement that includes this prospectus, which we have the right, but not the
obligation, to do, we must first (i) to the extent applicable, obtain stockholder approval to issue shares of Common Stock in excess
of the Exchange Cap under the Purchase Agreement in accordance with applicable NYSE rules and (ii) file with the SEC one or
more additional registration statements to register under the Securities Act for the offer and resale by B. Riley Principal Capital II
of any such additional shares of our Common Stock we wish to sell from time to time under the Purchase Agreement, which the SEC must
declare effective, in each case before we may elect to sell any additional shares of our Common Stock to B. Riley Principal Capital II
under the Purchase Agreement. Any issuance and sale by us under the Purchase Agreement of a substantial amount of shares of Common Stock
in addition to the 10,900,000 shares of Common Stock being registered for resale by B. Riley Principal Capital II under the registration
statement that includes this prospectus could cause additional substantial dilution to our stockholders.

| 7 |

The number of shares of Common
Stock ultimately offered for resale by B. Riley Principal Capital II through this prospectus is dependent upon the number of shares of
Common Stock, if any, we elect to sell to B. Riley Principal Capital II under the Purchase Agreement from and after the Commencement Date.
The issuance of our Common