Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 31

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 31
---
 Amount, in a Purchase under the Purchase Agreement, by timely delivering a written Purchase Notice to
B. Riley Principal Capital II, prior to 9:00 a.m., New York City time, on any trading day that we select as the Purchase Date for such
Purchase, so long as:

| · | the closing sale price of our Common Stock on the trading day immediately prior to such Purchase Date is not less than the Threshold Price; and                                                                                                                                                                                                    |
| · | all shares of Common Stock subject to all prior Purchases and all prior Intraday Purchases effected by us under the Purchase Agreement (as applicable) have been received by B. Riley Principal Capital II, in the manner set forth in the Purchase Agreement, prior to the time we deliver such Purchase Notice to B. Riley Principal Capital II. |

| 14 |

The Purchase Maximum Amount
applicable to such Purchase will be equal to the lesser of:

| · | 1,000,000 shares of Common Stock; and                                                                                                                                                                                                                    |
| · | the Purchase Percentage (as specified in the applicable Purchase Notice for such Purchase) of the total aggregate number (or volume) of shares of our Common Stock traded on the NYSE during the applicable Purchase Valuation Period for such Purchase. |

The actual number of shares
of Common Stock that B. Riley Principal Capital II will be required to purchase in a Purchase, referred to as the Purchase Share Amount,
will be equal to the number of shares that we specify in the applicable Purchase Notice, subject to adjustment to the extent necessary
to give effect to the applicable Purchase Maximum Amount and other applicable limitations set forth in the Purchase Agreement, including
the Beneficial Ownership Limitation and, if then applicable, the Exchange Cap.

The per share purchase price
that B. Riley Principal Capital II will be required to pay for the Purchase Share Amount in a Purchase effected by us pursuant to the
Purchase Agreement, if any, will be equal to the VWAP of our Common Stock for the applicable Purchase Valuation Period on the Purchase
Date for such Purchase, less a fixed 3.0% discount to the VWAP for such Purchase Valuation Period. The Purchase Valuation Period for a
Purchase is defined in the Purchase Agreement as the period beginning at the official open (or “commencement”) of the regular
trading session on the NYSE on the applicable Purchase Date for such Purchase, and ending at the earliest to occur of:

| · | 3:59 p.m., New York City time, on