Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 65

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 65
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 trade on the NYSE (or another eligible national securities exchange
under the Purchase Agreement) for a period of three trading days, other than due to any material breach by B. Riley Principal Capital
II of its obligations under the Purchase Agreement, and if the aggregate amount of cash proceeds received by B. Riley Principal Capital
II from their resale of any of the Commitment Shares that B. Riley Principal Capital II was able to resell before such earliest date is
less than $250,000, then we will pay B. Riley Principal Capital II, in cash, the amount by which $250,000 exceeds the aggregate net proceeds
received by B. Riley Principal Capital II from their resale of the Commitment Shares that B. Riley Principal Capital II was able to resell
before such earliest date, in exchange for B. Riley Principal Capital II returning to us for cancelation all of the Commitment Shares
we originally issued to them that they were not able to resell before such earliest date.

Lastly,
if, for any reason whatsoever, other than due to any material breach by B. Riley Principal Capital II of its obligations under the Purchase
Agreement or the Registration Rights Agreement, either the registration statement that includes this prospectus is not declared effective
by the SEC or the Commencement fails to occur under the Purchase Agreement, in either case prior to the 181st calendar day after the date
of the Purchase Agreement (or October 21, 2024) and, as a result, B. Riley Principal Capital II was not able to resell any of the
Commitment Shares we originally issued to them prior to such 181st calendar day, then we will pay $250,000 in cash to B. Riley Principal
Capital II, in exchange for B. Riley Principal Capital II returning to us for cancelation all of the Commitment Shares we originally issued
to them pursuant to the Purchase Agreement. In this prospectus, we sometimes refer to this cash “make-whole” payment that
we may be required to pay to B. Riley Principal Capital II under the Purchase Agreement under the circumstances described above (as applicable)
as the “Cash Make-Whole Payment.” We will not make any Cash Make-Whole Payment to B. Riley Principal Capital II if, after
the Commencement under the Purchase Agreement, the aggregate net proceeds received by B. Riley Principal Capital II from their resale
of all or any portion of the Commitment Shares being offered by this prospectus equals or exceeds $250