Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 34

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 34
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ay Purchase Share Amount in an Intraday Purchase effected by
us pursuant to the Purchase Agreement, if any, will be calculated in the same manner as in the case of a Purchase (including the same
fixed percentage discounts to the applicable VWAP used to calculate the per share purchase price for a Purchase as described above), provided
that the VWAP used to determine the purchase price for the Intraday Purchase Share Amount to be purchased in an Intraday Purchase will
be equal to the VWAP for the applicable Intraday Purchase Valuation Period on the Purchase Date for such Intraday Purchase. The Intraday
Purchase Valuation Period for an Intraday Purchase is defined in the Purchase Agreement as the period during the regular trading session
on the NYSE on such Purchase Date, beginning at the latest to occur of:

| · | such time of confirmation of B. Riley Principal Capital II’s receipt of the applicable Intraday 
 Purchase Notice;                                                                                |

| · | such time that the Purchase Valuation Period for any prior regular Purchase effected on the same Purchase 
 Date (if any) has ended; and                                                                              |

| · | such time that the Intraday Purchase Valuation Period for the most recent prior Intraday Purchase effected 
 on the same Purchase Date (if any) has ended                                                               |

and ending at the earliest to occur of:

| · | 3:59 p.m., New York City time, on such Purchase Date or such earlier time publicly announced by the NYSE 
 as the official close of the regular trading session on such Purchase Date;                              |

| · | such time that the total aggregate number (or volume) of shares of Common Stock traded on the NYSE during                                 
 such Intraday Purchase Valuation Period reaches the applicable Intraday Purchase Share Volume Maximum for such Intraday Purchase, which   
 will be determined by dividing (a) the applicable Intraday Purchase Share Amount for such Intraday Purchase, by (b) the Purchase          
 Percentage we specified in the applicable Intraday Purchase Notice for determining the applicable Intraday Purchase Share Amount for such 
 Intraday Purchase; and                                                                                                                    |

| · | if we further specify a Limit Order Discontinue Election in the applicable Intraday Purchase Notice for                                 
 such Intraday Purchase, such time that the trading price of our Common Stock on the NYSE during such Intraday Purchase Valuation Period 
 (calculated in accordance with the Purchase Agreement) falls below the applicable Minimum Price Threshold