Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038025
Chunk: 25

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 25
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Our
Charter provides that shares of our Preferred Stock may be issued from time to time in one or more series. Our Board will be authorized
to establish the voting rights, if any, designations, preferences and relative, participating, optional or other special rights of the
shares of such series, and the qualifications, limitations or restrictions thereof, applicable to the shares of each series of our Preferred
Stock. Our Board can, without stockholder approval, issue our Preferred Stock with voting and other rights that could adversely affect
the voting power and other rights of the holders of our Common Stock and could have anti-takeover effects. The ability of our Board
to issue our Preferred Stock without stockholder approval could have the effect of delaying, deferring or preventing a change of control
or the removal of existing management. We have no Preferred Stock outstanding at the date hereof.

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Warrants

As
of April 10, 2025, there were 26,273,653 of our Warrants to purchase our Common Stock outstanding, consisting of 17,250,000 Public
Warrants, 6,580,000 Private Placement Warrants held by the Sponsors and Affiliated Stockholder, 2,295,333 GCT Warrants and 148,320 Anapass
Warrants. Each whole Warrant entitles the registered holder to purchase one share of our Common Stock at a price of $11.50 per share for
Public Warrants and Private Placement Warrants, $5.00, $10.00, $18.75 for GCT Warrants and $3.02 for the Anapass Warrants, subject to
adjustment as discussed below, at any time commencing on the later of 30 days after the completion of an initial business combination
or 12 months from the closing of the IPO. Our Public Warrants and Private Warrants will expire on the fifth anniversary of Business Combination,
at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

Holders
of our Warrants will not be exercisable for cash unless we have an effective and current registration statement covering the shares of
our Common Stock issuable upon exercise of our Warrants and a current prospectus relating to such shares of our Common Stock. Notwithstanding
the foregoing, if a registration statement covering the shares of our Common Stock issuable upon exercise of the Public Warrants is not
effective within a