Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 191

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 1B
Chunk 191
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GCT SEMICONDUCTOR HOLDING, INC.Notes to Consolidated Financial Statements 

cash (“Private Placement”). The Company allocated the proceeds based on the relative fair value of the securities issued, including $2.0 million to the Anapass Shares and $0.2 million to the Anapass Warrants. The Anapass Warrants are immediately exercisable at $3.02 per share and will expire after five years from the issuance date. Anapass, Inc. remains subject to a lock-up and market stand-off agreement for any shares and share-based instruments issued to it by the Company through March 2025. Common Stock Reserved for Issuance Upon the Closing of the Business Combination in March 2024, the Company increased its total number of authorized shares to 440,000,000 shares, consisting of 400,000,000 shares of common stock and 40,000,000 shares of preferred stock. The Company has reserved shares of common stock for issuance as follows (in thousands): 

        December 31,

        December 31,

        2024

        2023

        Common stock warrants

        26,273

        2,894

        Legacy GCT Earnout Shares

        20,000

        —

        Shares available for future grant from 2024 plan

        3,062

        —

        RSUs outstanding

        1,214

        392

        Convertible promissory notes

        500

        1,835

        Options issued and outstanding

        535

        668

        Shares available for future grant from 2024 ESPP

        600

        —

        Shares available for future grant from 2011 plan

        —

        113

        Total

        52,184

        5,902

10. Common Stock WarrantsThe following table represents a summary of warrants to purchase shares of the Company’s common stock that are outstanding (in thousands, except for exercise price): 

        Issue Date
         
        December 31, 2024

        Exercise Price
         
        Expiration

        February 2023 - June 2023

        2,115

        $10.00 - $18.75
         
        February 2026 – June 2026

        July 2023

        80

        $10.00
         
        July