Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 9

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 9
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 our Common Stock (subject to certain limitations
contained in the Purchase Agreement), from time to time after the date of this prospectus and during the term of the Purchase
Agreement. Sales of Common Stock pursuant to the Purchase Agreement, and the timing of any such sales, are solely at our option, and
we are under no obligation to sell any securities to B. Riley Principal Capital II under the Purchase Agreement. In accordance with
our obligations under the Registration Rights Agreement, we have filed the registration statement that includes this prospectus with
the Securities and Exchange Commission (the “SEC”) to register under the Securities Act the resale by B. Riley Principal
Capital II of up to 10,900,000 shares of Common Stock, consisting of (i) up to 10,843,182 shares that we may, in our sole
discretion, elect to sell to B. Riley Principal Capital II, from time to time from and after the Commencement Date (defined below)
pursuant to the Purchase Agreement and (ii) 56,818 shares of Common Stock (the “Commitment Shares”) that we issued
to B. Riley Principal Capital II, following our execution of the Purchase Agreement, on April 23, 2024, as consideration for
its commitment to purchase shares of our Common Stock that we may, in our sole discretion, direct B. Riley Principal Capital II to
purchase from us pursuant to the Purchase Agreement, from time to time after the date of this prospectus and during the term of the
Purchase Agreement.

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Upon the initial satisfaction
of each of the conditions to B. Riley Principal Capital II’s purchase obligations set forth in the Purchase Agreement (the initial
satisfaction of all of such conditions, the “Commencement”), none of which are within B. Riley Principal Capital II’s
control, including that the registration statement that includes this prospectus shall have been declared effective by the SEC and the
final form of this prospectus shall have been filed with the SEC, we have the right, but not the obligation, from time to time at our
sole discretion for a period of up to 24 months beginning on the date on which the Commencement occurs (such date, the “Commencement
Date”), to direct B. Riley Principal Capital II to purchase a specified number of shares of Common Stock (each, a “Purchase”),
not to exceed the lesser of (such lesser number of shares, the “Purchase Maximum Amount”):