Company: GCTS
Filing Date: 2025-05-13
Form Type: S-3/A
Source: 0001104659-25-047808
Chunk: 41

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-13
Form: S-3/A
Chunk 41
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over Provisions of Delaware Law

Classified Board of Directors

Our
Charter provides that our Board will be divided into three classes of directors, with the classes to be as nearly equal in number as possible,
and with each director serving a three-year term. As a result, approximately one-third of our Board will be elected each year.
The classification of directors will have the effect of making it more difficult for stockholders to change the composition of our Board.

Authorized but Unissued Shares

The
authorized but unissued shares of our Common Stock and Preferred Stock are available for future issuance without stockholder approval,
subject to any limitations imposed by the listing standards of the NYSE. These additional shares may be used for a variety of corporate
finance transactions, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved Common Stock and
Preferred Stock could make more difficult or discourage an attempt to obtain control of over the Company by means of a proxy contest,
tender offer, merger or otherwise.

Stockholder Action; Special Meetings of Stockholders

Our
Charter provides that stockholders may not take action by written consent, but may only take action at annual or special meetings of stockholders.
As a result, a holder controlling a majority of our capital stock would not be able to amend our Bylaws or remove directors without holding
a meeting of stockholders called in accordance with our Bylaws. This restriction does not apply to actions taken by the holders of any
series of Preferred Stock of the Company to the extent expressly provided in the applicable Preferred Stock Designation. Further, our
Charter provides that, subject to any special rights of the holders of Preferred Stock of the Company, special meetings of stockholders
of the Company may be called only by or at the direction of our Board pursuant to a resolution adopted by a majority of the total number
of directors, thus prohibiting a holder of our Common Stock from calling a special meeting. These provisions might delay the ability of
stockholders to force consideration of a proposal or for stockholders controlling a majority of our capital stock to take any action,
including the removal of directors.

Advance Notice Requirements for Stockholder Proposals and Director Nominations

Our
Bylaws provide that stockholders seeking to bring business before our annual meeting of stockholders, or to nominate candidates for election
as directors at our annual meeting of stockholders, must provide timely notice. To be timely, a stockholder’s notice will need to
be delivered to, or mailed and received at, our