Company: GCTS
Filing Date: 2025-03-25
Form Type: 10-K
Source: 0000950170-25-044438
Chunk: 280

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-03-25
Form: 10-K
Item: Item 8
Chunk 280
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, risk-free rate, credit spread

        4,947

        —

        Convertible promissory notes, net of current
         
        PWERM
         
        Scenario of becoming a public company and merger and acquisition (“M&A”)

        —

        6,239

        Warrant liabilities
         
        Black Scholes Merton Model (“BSM”) or BLM
         
        Exercise price, term to expiration, volatility, risk-free rate

        3,750

        —

       As of December 31, 2024, the key inputs for the common stock forward valuation using the DCF model were as follows: a remaining term of 1.4 years and future risk-free rate estimates ranging from 4.16% to 4.40% for this period.As of December 31, 2024, the key inputs for the convertible promissory notes, net of current, using the BLM were as follows: stock price of $2.33, implied volatility of 53.10%, remaining term of 1.2 years, risk-free rate of 4.17%, and credit spread of 5.20%.As of December 31, 2024, the key inputs for the private placement warrants using the BSM were as follows: exercise price of $11.50 per share, term to expiration of 4.2 years, implied volatility of 53.10%, and a risk-free rate of 4.29%. As of December 31, 2024, the key inputs for the public warrants using the BLM were as follows: exercise price of $11.50 per share and term to expiration of 4.2 years. As of December 31, 2024, the key inputs for the other warrant liabilities using the BSM were as follows: an exercise price of $10.00 per share, or $18.75 per share, term to expiration ranging from 1.2 years to 1.8 years, volatility ranging from 48.10% to 49.70%, and a risk-free rate ranging from 4.13% to 4.19%.As of December 31, 2023, the PWERM was used as Legacy GCT was a private company. After the Closing, and as of December 31, 2024, the valuation techniques used reflect that the Business Combination was consummated.The following table sets forth a summary of the changes in the fair