Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 45

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 45
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 the extent we pay the costs of settlement and damage awards against directors and officers pursuant to these indemnification provisions.
We believe that these provisions, the insurance and the indemnity agreements are necessary to attract and retain talented and experienced
directors and officers.

Insofar
as indemnification for liabilities arising under the Securities Act may be permitted to our directors, officers and controlling persons
pursuant to the foregoing provisions, or otherwise, we have been advised that in the opinion of the SEC such indemnification is against
public policy as expressed in the Securities Act and is, therefore, unenforceable.

<div align='center'>29

PLAN OF DISTRIBUTION</div>

We are registering the issuance
by us of up to 26,273,653 shares of our Common Stock that may be issued upon exercise of warrants to purchase Common Stock, including
the Public Warrants, Private Placement Warrants and Anapass Warrants.

We are also registering
the resale by the Selling Securityholders or their permitted transferees of up to 6,580,000 Private Placement Warrants, 148,320
Anapass Warrants and 36,261,987 shares of our Common Stock (including 6,580,000 shares of Common Stock that may be issued upon
exercise of the Private Placement Warrants, 148,320 shares of Common Stock that may be issued upon exercise of the Anapass Warrants,
4,529,967 shares of Common Stock issued to the PIPE Investors, 19,685,138 shares of Common Stock acquired by certain Selling
Securityholders party to the Registration Rights Agreement, 1,781,626 shares of Common Stock issued to the NRA Investors, 500,000
shares of Common Stock reserved for issuance upon conversion of convertible promissory note, 2,295,333 shares of Common Stock that
are issuable upon the exercise of the GCT Warrants and 741,603 shares of Common Stock issued pursuant to the Anapass Securities
Purchase Agreement).

We will not receive any
proceeds from the sale of shares of Common Stock by the Selling Securityholders. We could receive up to an aggregate of approximately
$103,317,920 if all of the Warrants held by the Selling Securityholders are exercised for cash. However, we will only receive such proceeds
if and when the holders of the Warrants exercise the Warrants for cash. The exercise of the Warrants, and any proceeds we may receive
from their exercise, are highly