Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 15

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 15
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 exceptions) on entering into certain types of “dilutive”
equity transactions during the period beginning on the trading day immediately prior to the applicable Purchase Date for a Purchase or
Intraday Purchase (as applicable), and ending on the third trading day after the full settlement thereof under the Purchase Agreement,
and a prohibition on effecting or entering into any agreement to effect an “equity line of credit,” an “at the market
offering” or other substantially similar continuous offering, other than pursuant to the Purchase Agreement, in which the Company
may offer, issue or sell Common Stock or any securities exercisable, exchangeable or convertible into Common Stock at a future-determined
price.

B. Riley Principal Capital
II has agreed that none of B. Riley Principal Capital II, its sole member, any of their respective officers, or any entity managed or
controlled by B. Riley Principal Capital II or its sole member will engage in or effect, directly or indirectly, for its own account or
for the account of any other of such persons or entities, any short sales of the Common Stock or hedging transactions that establishes
a net short position in the Common Stock during the term of the Purchase Agreement. Furthermore, B. Riley Principal Capital II has agreed
that, during the term of the Purchase Agreement, with respect to each brokerage account in which shares of Common Stock beneficially owned
by B. Riley Principal Capital II are held or to be held, it shall provide written instructions to the applicable broker that it does not
wish to participate in, and expressly opts out of, any “fully paid lending program” or similar program with respect to such
brokerage account so that shares of Common Stock beneficially owned that are, or to be held in, such brokerage account will not be made
available by the broker for lending to any third person in connection with, to effect, or otherwise to facilitate any short sale of Common
Stock by any person.

The Purchase Agreement will
automatically terminate on the earliest to occur of (i) the first day of the month next following the 24-month anniversary of the
Commencement Date, (ii) the date on which B. Riley Principal Capital II shall have purchased from us under the Purchase Agreement
shares of Common Stock for an aggregate gross purchase price of $50,000,000, (iii) the date on which the Common Stock shall have
failed to be listed or quoted on the NYSE or another U.S. national securities exchange identified as an “eligible