Company: GCTS
Filing Date: 2025-05-16
Form Type: 424B5
Source: 0001104659-25-049833
Chunk: 12

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-16
Form: 424B5
Chunk 12
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 If a registration statement registering the issuance of the shares
of Common Stock underlying the Warrants under the Securities Act is not then effective or available, the holder may only exercise the
Warrant through a cashless exercise, in which case the holder would receive upon such exercise the net number of shares of Common Stock
determined according to the formula set forth in the Warrant. No fractional shares of Common Stock will be issued in connection with the
exercise of a Warrant. In lieu of fractional shares, we will pay the holder an amount in cash equal to the fractional amount multiplied
by the exercise price or round up to the next whole share, at our option.

Exercise Limitation.
A holder will not have the right to exercise any portion of the Warrant if the holder (together with its affiliates) would beneficially
own in excess of 4.99% (or 9.99% at the election of a holder prior to the date of issuance) of the number of shares of our Common Stock
outstanding immediately after giving effect to the exercise, as such percentage ownership is determined in accordance with the terms
of the Warrants. However, any holder may increase or decrease such percentage to any other percentage not in excess of 9.99%
upon at least 61 days’ prior notice from the holder to us.

Exercise Price; Adjustment. The
initial exercise price per share of Common Stock issuable upon exercise of the Warrants is $1.71 per share of Common Stock. The exercise
price is subject to appropriate adjustment in the event of certain stock dividends and distributions, stock splits, stock combinations,
reclassifications or similar events affecting our Common Stock and also upon any distributions of assets, including cash, stock or other
property to our stockholders.

Transferability. Subject
to applicable laws, the Warrants may be offered for sale, sold, transferred or assigned without our consent. There is currently no trading
market for the Warrants and a trading market is not expected to develop.

Trading Market. We
do not plan on making the Warrants eligible to trade on the Over-the-Counter market, any national securities exchange or any other nationally
recognized trading system.

<div align='center'>S-8</div>

Fundamental Transactions. In
the event of a fundamental transaction, as described in the Warrants and generally including any reorganization, recapitalization or reclassification
of our Common Stock, the sale, transfer or other disposition of all or substantially all of our properties or