Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 45

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 45
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 shares would represent
approximately 19.2% of the total number of outstanding shares of Common Stock and approximately 25.7% of the total number of outstanding
shares of Common Stock held by non-affiliates of our Company, in each case as of April 23, 2024.

If we elect
to issue and sell to B. Riley Principal Capital II more than the 10,900,000 shares of Common Stock being registered under the Securities
Act for resale by B. Riley Principal Capital II under the registration statement that includes this prospectus, which we have the right,
but not the obligation, to do, we must first (i) to the extent applicable, obtain stockholder approval to issue shares of Common
Stock in excess of the Exchange Cap under the Purchase Agreement in accordance with applicable NYSE rules and (ii) file with
the SEC one or more additional registration statements to register under the Securities Act for the offer and resale by B. Riley Principal
Capital II of any such additional shares of our Common Stock we wish to sell from time to time under the Purchase Agreement, which the
SEC must declare effective, in each case before we may elect to sell any additional shares of our Common Stock to B. Riley Principal Capital
II under the Purchase Agreement. Any issuance and sale by us under the Purchase Agreement of a substantial amount of shares of Common
Stock in addition to the 10,900,000 shares of Common Stock being registered for resale by B. Riley Principal Capital II under the registration
statement that includes this prospectus could cause additional substantial dilution to our stockholders.

The number of shares of Common Stock ultimately offered for resale by B. Riley Principal Capital II through this prospectus is dependent upon
the number of shares of Common Stock, if any, we elect to sell to B. Riley Principal Capital II under the Purchase Agreement from and
after the Commencement Date. The issuance of our Common Stock to B. Riley Principal Capital II pursuant to the Purchase Agreement will
not affect the rights or privileges of our existing stockholders, except that the economic and voting interests of each of our existing
stockholders will be diluted. Although the number of shares of our Common Stock that our existing stockholders own will not decrease,
the shares of our Common Stock owned by our existing stockholders will represent a smaller percentage of our total outstanding shares
of our Common Stock after any such issuance.

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The following
table sets forth the amount of gross proceeds we would receive from B.