Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 35

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 35
---
 distributions equal to or less than $0.50 per share, (c) to satisfy the redemption rights of the holders of our Common Stock in
connection with a proposed initial business combination, (d) to satisfy the redemption rights of the holders of our Common Stock in connection
with a stockholder vote to amend our amended and restated certificate of incorporation (A) to modify the substance or timing of our obligation
to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete
our initial business combination within 18 months from the closing of our initial public offering (or 24 months from the closing of our
initial public offering if we extend the period of time to consummate our initial business combination by an additional six months, subject
to the sponsor depositing additional funds into the trust account as described in the Report) or (B) with respect to any other provision
relating to stockholders’ rights or pre-initial business combination activity, or (e) in connection with the redemption of our
public shares upon our failure to complete our initial business combination, then the Public Warrant exercise price will be decreased,
effective immediately after the effective date of such event, by the amount of cash and/or the fair market value of any securities or
other assets paid on each share of our Common Stock in respect of such event.

If the number of outstanding
shares of our Common Stock is decreased by a consolidation, combination, reverse share split or reclassification of our Common Stock
or other similar event, then, on the effective date of such consolidation, combination, reverse share split, reclassification or similar
event, the number of shares of our Common Stock issuable on exercise of each Public Warrant will be decreased in proportion to such decrease
in outstanding shares of our Common Stock.

<div align='center'>22</div>

Whenever the number of
shares of our Common Stock purchasable upon the exercise of the Public Warrants is adjusted, as described above, the Public Warrant exercise
price will be adjusted by multiplying the Public Warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator
of which will be the number of shares of our Common Stock purchasable upon the exercise of the Public Warrants immediately prior to such
adjustment and (y) the denominator of which will be the number of shares of our Common Stock so purchasable immediately thereafter.

In case of any reclassification
or reorganization of the outstanding Common Stock