Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 11

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 11
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 of Common Stock traded on the NYSE during such Purchase Valuation Period (calculated in accordance with the Purchase
Agreement) reaches the applicable share volume maximum amount for such Purchase (the “Purchase Share Volume Maximum”), calculated
by dividing (a) the applicable Purchase Share Amount for such Purchase, by (b) the Purchase Percentage we specified in the applicable
Purchase Notice for such Purchase, and (iii) if we further specify in the applicable Purchase Notice for such Purchase that a “limit
order discontinue election” shall apply to such Purchase (a “Limit Order Discontinue Election”), such time that the
trading price of our Common Stock on the NYSE during such Purchase Valuation Period (calculated in accordance with the Purchase Agreement)
falls below the applicable minimum price threshold for such Purchase specified by us in the Purchase Notice for such Purchase, or if we
do not specify a minimum price threshold in such Purchase Notice, a price equal to 75.0% of the closing sale price of the Common Stock
on the trading day immediately prior to the applicable Purchase Date for such Purchase (the “Minimum Price Threshold”), in
each case less a fixed 3.0% discount to the VWAP for such Purchase Valuation Period, calculated in accordance with the Purchase Agreement.

Under the Purchase Agreement,
for purposes of calculating the volume of shares of Common Stock traded during a Purchase Valuation Period, as well as the VWAP for a
Purchase Valuation Period, the following transactions, to the extent they occur during such Purchase Valuation Period, shall be excluded:
(x) the opening or first purchase of Common Stock at or following the official open of the regular trading session on the NYSE on
the applicable Purchase Date for such Purchase, (y) the last or closing sale of Common Stock at or prior to the official close of
the regular trading session on the NYSE on the applicable Purchase Date for such Purchase, and (z) if we have specified in the applicable
Purchase Notice for such Purchase that a “limit order continue election” (a “Limit Order Continue Election”) shall
apply to such Purchase (instead of specifying that a Limit Order Discontinue Election shall apply), all purchases and sales of Common
Stock on the NYSE during such Purchase Valuation Period at a price per share that is less than the applicable Minimum Price Threshold
for such Purchase.

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In addition to the Purchases
described above, from and after the Commencement Date, we will also have the right, but