Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 4

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 4
---
pursuant to which such Selling Securityholders agreed not to request redemption or to reverse any previously submitted redemption demand
in connection with the Business Combination, (e) up to 500,000 shares of Common Stock issuable upon conversion of a convertible promissory note
(the “Note”) issued to a strategic investor (the “Noteholder”) in the principal amount of $5,000,000, (f) up
to 2,295,333 shares of Common Stock that are issuable upon the exercise of the GCT Warrants at an exercise price of $5.00, $10.00, and
$18.75 per share, as applicable, (g) 741,603 shares of Common Stock issued pursuant to the Anapass Securities Purchase Agreement
to Anapass, Inc. at a purchase price of $3.02 per share, and (h) 148,320 shares of Common Stock issuable upon exercise of the
Anapass Warrants at a price of $3.02 per share, (ii) up to 6,580,000 Private Placement Warrants, which were initially issued to
Sponsors at an effective purchase price of $1.00 and (iii) 148,320 Anapass Warrants. See “Selling Securityholders”
for more information about the Selling Securityholders, including with respect to their acquisition of the securities offered hereby.

This prospectus provides you
with a general description of such securities and the general manner in which we and the Selling Securityholders may offer or sell the
securities. More specific terms of any securities that we and the Selling Securityholders may offer or sell may be provided in a prospectus
supplement that describes, among other things, the specific amounts and prices of the securities being offered and the terms of the offering.
The prospectus supplement may also add, update or change information contained in this prospectus.

We will not receive any
proceeds from the sale of the shares of Common Stock by the Selling Securityholders. We could receive up to an aggregate of approximately
$103,317,920 if all of the Warrants held by the Selling Securityholders are exercised for cash. However, we will only receive such proceeds
if and when the holders of the Warrants exercise the Warrants for cash. The exercise of the Warrants, and any proceeds we may receive
from their exercise, are highly dependent on the price of any of our shares of Common Stock and the spread between the