Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 17

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 17
---

to certain times set forth in the Purchase Agreement, is less than $250,000, in exchange for B. Riley Principal Capital II returning to
us for cancelation all of the Commitment Shares we originally issued to them upon execution of the Purchase Agreement that were not previously
resold by B. Riley Principal Capital II prior to the times specified in the Purchase Agreement, if any. In addition, we have agreed to
reimburse B. Riley Principal Capital II for the reasonable legal fees and disbursements of B. Riley Principal Capital II’s legal
counsel in an amount not to exceed (i) $75,000 upon our execution of the Purchase Agreement and Registration Rights Agreement and
(ii) $5,000 per fiscal quarter, in each case in connection with the transactions contemplated by the Purchase Agreement and the Registration
Rights Agreement.

The Purchase Agreement and
the Registration Rights Agreement contain customary representations, warranties, conditions and indemnification obligations of the parties.
Copies of the agreements have been filed as exhibits to the registration statement that includes this prospectus and are available electronically
on the SEC’s website at www.sec.gov.

We do not know what the future
purchase price for our Common Stock will be, and therefore cannot be certain as to the number of shares we might issue to B. Riley Principal
Capital II under the Purchase Agreement from and after the Commencement Date. As of April 23, 2024, there were 45,833,346 shares
of our Common Stock outstanding, of which 31,472,685 shares were held by non-affiliates of our Company. If all of the 10,900,000 shares
offered for resale by B. Riley Principal Capital II under this prospectus were issued and outstanding as of the date hereof (without taking
into account the Exchange Cap limitation), such shares would represent approximately 19.2% of the total number of outstanding shares of
Common Stock and approximately 25.7% of the total number of outstanding shares of Common Stock held by non-affiliates of our Company,
in each case as of April 23, 2024.

Although the Purchase Agreement
provides that we may sell up to $50,000,000 of our Common Stock to B. Riley Principal Capital II, only 10,900,000 shares of our Common
Stock are being registered under the Securities Act for resale by B. Riley Principal Capital II under this prospectus, which represents
(i) the 56,