Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 67

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 67
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B.
Riley Principal Capital II has represented to us that at no time prior to the date of the Purchase Agreement has B. Riley Principal Capital
II, its sole member, any of their respective officers, or any entity managed or controlled by B. Riley Principal Capital II or its sole
member, engaged in or effected, in any manner whatsoever, directly or indirectly, for its own account or for the account of any of its
affiliates, any short sale (as such term is defined in Rule 200 of Regulation SHO of the Exchange Act) of our Common Stock or any
hedging transaction, which establishes a net short position with respect to our Common Stock. B. Riley Principal Capital II has agreed
that during the term of the Purchase Agreement, none of B. Riley Principal Capital II, its sole member, any of their respective officers,
or any entity managed or controlled by B. Riley Principal Capital II or its sole member, will enter into or effect, directly or indirectly,
any of the foregoing transactions for its own account or for the account of any other such person or entity.

We
have advised the Selling Securityholder that it is required to comply with Regulation M promulgated under the Exchange Act. With certain
exceptions, Regulation M precludes the Selling Securityholder, any affiliated purchasers, and any broker-dealer or other person who participates
in the distribution from bidding for or purchasing or attempting to induce any person to bid for or purchase any security which is the
subject of the distribution until the entire distribution is complete. Regulation M also prohibits any bids or purchases made in order
to stabilize the price of a security in connection with the distribution of that security. All of the foregoing may affect the marketability
of the securities offered by this prospectus.

This
offering will terminate on the date that all shares of our Common Stock offered by this prospectus have been sold by the Selling Securityholder.

Our
Common Stock is currently listed on the NYSE under the symbol “GCTS”.

B.
Riley Principal Capital II and/or one or more of its affiliates has provided, currently provides and/or from time to time in the future
may provide various investment banking and other financial services for us and/or one or more of our affiliates that are unrelated to
the transactions contemplated by the Purchase Agreement and the offering of shares for resale by B. Riley Principal Capital II to which
this prospectus relates, for which investment banking and other financial services they have received and may continue to receive customary
fe