Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 36

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 36
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 (other than those described above or that solely affects the par value of such Common
Stock), or in the case of any merger or consolidation of us with or into another corporation (other than a consolidation or merger in
which we are the continuing corporation and that does not result in any reclassification or reorganization of our outstanding Common
Stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of us as an entirety
or substantially as an entirety in connection with which we are dissolved, the holders of the Public Warrants will thereafter have the
right to purchase and receive, upon the basis and upon the terms and conditions specified in the Public Warrants and in lieu of the shares
of our Common Stock immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind
and amount of our Common Stock or other securities or property (including cash) receivable upon such reclassification, reorganization,
merger or consolidation, or upon a dissolution following any such sale or transfer, that the holder of the Public Warrants would have
received if such holder had exercised their Public Warrants immediately prior to such event. If less than 70% of the consideration receivable
by the holders of our Common Stock in such a transaction is payable in the form of our Common Stock in the successor entity that is listed
for trading on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading
or quoted immediately following such event, and if the registered holder of the Public Warrant properly exercises the Public Warrant
within 30 days following public disclosure of such transaction, the Public Warrant exercise price will be reduced as specified in the
Public Warrant agreement based on the Black-Scholes value (as defined in the Public Warrant agreement) of the Public Warrant. The purpose
of such exercise price reduction is to provide additional value to holders of the Public Warrants when an extraordinary transaction occurs
during the exercise period of the Public Warrants pursuant to which the holders of the Public Warrants otherwise do not receive the full
potential value of the Public Warrants.

The Public Warrants will
be issued in registered form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and
us. The warrant agreement provides that the terms of the warrants may be amended without the consent of any holder to cure any ambiguity
or correct any defective provision, but requires the