Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 5

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 5
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 the Warrants
and the price of our Common Stock at the time of exercise. We have outstanding (i) 17,250,000 Public Warrants to purchase 17,250,000
shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (ii) 6,580,000 Private Placement Warrants to purchase
6,580,000 shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (iii) 2,295,333 GCT Warrants to purchase
2,295,333 shares of our Common Stock, exercisable at an exercise price of $5.00, $10.00, and $18.75 per share, as applicable, as described
herein for the GCT Warrants and (iv) 148,320 Anapass Warrants to purchase 148,320 shares of our Common stock, exercisable at an
exercise price of $3.02 per share. If the market price of our Common Stock is less than the exercise price of a holder’s Warrants,
it is unlikely that holders will exercise their Warrants. There can be no assurance that any of our Warrants will be in the money prior
to their expiration. As such, it is possible that we may never generate any cash proceeds from the exercise of any of our Warrants. We
will pay the expenses, other than underwriting discounts and commissions, associated with the sale of securities pursuant to this prospectus.

Our registration of the securities
covered by this prospectus does not mean that either we or the Selling Securityholders will issue, offer or sell, as applicable, any of
the securities. The Selling Securityholders and any of their permitted transferees may offer, sell or distribute all or a portion of the
securities covered by this prospectus in a number of different methods and at varying prices. Additional information on the Selling Securityholders,
and the times and manner in which they may offer and sell the securities covered by this prospectus, is provided under “Selling Securityholders,” “Determination of Offering Price” and “Plan of Distribution” in this
prospectus.

Sales
of a substantial number of shares of Common Stock in the public market, including the resale of the shares of Common Stock held by our
Selling Securityholders, specifically the Sponsors, the PIPE Investors and holders of our Private Placement Warrants pursuant to this
prospectus or pursuant to Rule