Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 37

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 37
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 Capital II in such Purchase or Intraday Purchase, as applicable.

The payment for, against delivery
of, shares of Common Stock purchased by B. Riley Principal Capital II in any Purchase or any Intraday Purchase under the Purchase Agreement
will be fully settled within two trading days immediately following the applicable Purchase Date for such Purchase or such Intraday Purchase
(as applicable), as set forth in the Purchase Agreement.

| 17 |

Conditions Precedent to Commencement and Each Purchase or Intraday Purchase

B. Riley Principal Capital
II’s obligation to accept VWAP Purchase Notices and Intraday VWAP Purchase Notices that are timely delivered by us under the Purchase
Agreement and to purchase shares of our Common Stock in Purchases and Intraday Purchases under the Purchase Agreement, are subject to
(i) the initial satisfaction, at the Commencement, and (ii) the satisfaction, at the applicable Purchase Condition Satisfaction
Time (as such term is defined in the Purchase Agreement) on the applicable Purchase Date for each Purchase and Intraday Purchase after
the Commencement Date, of the conditions precedent thereto set forth in the Purchase Agreement, all of which are entirely outside of B.
Riley Principal Capital II’s control, which conditions include the following:

| · | the accuracy in all material respects of the representations and warranties of the Company included in 
 the Purchase Agreement;                                                                                |

| · | the Company having performed, satisfied and complied in all material respects with all covenants, agreements  
 and conditions required by the Purchase Agreement to be performed, satisfied or complied with by the Company; |

| · | the registration statement that includes this prospectus (and any one or more additional registration                                      
 statements filed with the SEC that include shares of Common Stock that may be issued and sold by the Company to B. Riley Principal Capital 
 II under the Purchase Agreement) having been declared effective under the Securities Act by the SEC, and B. Riley Principal Capital II     
 being able to utilize this prospectus (and the prospectus included in any one or more additional registration statements filed with the    
 SEC under the Registration Rights Agreement) to resell all of the shares of Common Stock included in this prospectus (and included in      
 any such additional prospectuses);                                                                                                         |

| · | the SEC shall not have issued any stop order suspending the effectiveness of the registration statement                                      
 that includes this prospectus (or any one or more additional registration statements filed with the SEC that include shares of Common        
 Stock