Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 66

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 66
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,000. In accordance with FINRA Rule 5110,
the $250,000 Cash Make-Whole Payment that we may be required to pay to B. Riley Principal Capital II under the Purchase Agreement is deemed
to be underwriting compensation in connection with sales of our Common Stock by B. Riley Principal Capital II to the public.

In
addition, we have agreed to reimburse B. Riley Principal Capital II for the reasonable legal fees and disbursements of B. Riley Principal
Capital II’s legal counsel in an amount not to exceed (i) $75,000 upon the execution of the Purchase Agreement and Registration
Rights Agreement and (ii) $5,000 per fiscal quarter, in each case in connection with the transactions contemplated by this Agreement
and the Registration Rights Agreement. In accordance with FINRA Rule 5110, these reimbursed fees and expenses are deemed to be underwriting
compensation in connection with sales of our Common Stock by B. Riley Principal Capital II to the public. Moreover, in accordance with
FINRA Rule 5110, the 3.0% fixed discount to current market prices of our Common Stock reflected in the purchase prices payable by
B. Riley Principal Capital II for our Common Stock that we may require it to purchase from us from time to time under the Purchase Agreement
is deemed to be underwriting compensation in connection with sales of our Common Stock by B. Riley Principal Capital II to the public.

We
also have agreed to indemnify B. Riley Principal Capital II and certain other persons against certain liabilities in connection with the
offering of shares of our Common Stock offered hereby, including liabilities arising under the Securities Act or, if such indemnity is
unavailable, to contribute amounts required to be paid in respect of such liabilities. B. Riley Principal Capital II has agreed to indemnify
us against liabilities under the Securities Act that may arise from certain written information furnished to us by B. Riley Principal
Capital II specifically for use in this prospectus or, if such indemnity is unavailable, to contribute amounts required to be paid in
respect of such liabilities. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to our directors,
officers, and controlling persons, we have been advised that in the opinion of the SEC this indemnification is against public policy as
expressed in the Securities Act and is therefore, unenforceable.

We
estimate that the total expenses for the offering will be approximately $735,119.

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