Company: GCTS
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001104659-25-049833
Chunk: 8

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 8
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, we may fail to achieve expected financial results, which could cause our stock price to decline.

If you purchase our Common Stock in this Offering, you will incur immediate and substantial dilution in the book value of your shares.

You will suffer immediate
and substantial dilution in the net tangible book value of our Common Stock you purchase in this Offering. Based on the offering price
of $1.57 per share of Common Stock and accompanying Warrants, purchasers of Common Stock in this Offering will experience immediate dilution
of $2.61 per share in net tangible book value of our Common Stock. In the past, we issued options, warrants and other securities to acquire
Common Stock at prices below the offering price. To the extent these outstanding securities are ultimately exercised, investors purchasing
Common Stock in this Offering will sustain further dilution. See “Dilution” for a more detailed description of the dilution
to new investors in the Offering.

There is no public market for the Warrants being offered in this Offering.

There is no established
public trading market for the Warrants being offered in this Offering, and we do not expect a market to develop. In addition, we do not
intend to apply to list the Warrants on any securities exchange or nationally recognized trading system, including the Over-the-Counter
market. Without an active market, the liquidity of the Warrants will be limited.

Holders of the Warrants purchased in this Offering will have no rights as holders of Common Stock until such holders exercise their Warrants and acquire our Common Stock.

Until holders of the Warrants
acquire our Common Stock upon exercise of such Warrants, holders of the Warrants will have no rights with respect to our Common Stock
underlying such Warrants. Upon exercise of the Warrants, the holders will be entitled to exercise the rights of a holder of Common Stock
only as to matters for which the record date occurs after the exercise date.

The Warrants issued in this Offering may not have any value.

The Warrants will be exercisable
six months after the date of issuance at an exercise price of $1.71 per share of Common Stock and will expire five years from the initial
exercise date. In the event our Common Stock price does not exceed the exercise price of the Warrants during the period when such Warrants
are exercisable, such Warrants may not have any value.

Raising additional capital may cause dilution to our stockholders, including purchasers of our Common Stock in this Offering, restrict