Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 10

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 10
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 (i) 1,000,000 shares of Common
Stock and (ii) up to a certain percentage, which we will specify in the applicable Purchase Notice (as defined below) for such Purchase
(such applicable percentage not to exceed 25.0%) (such applicable percentage specified by us for a Purchase, the “Purchase Percentage”),
of the total aggregate number (or volume) of shares of our Common Stock traded on the NYSE during the applicable Purchase Valuation Period
(as defined below) for such Purchase (such specified number of shares to be purchased by B. Riley Principal Capital II in such Purchase,
adjusted to the extent necessary to give effect to the applicable Purchase Maximum Amount and certain additional limitations set forth
in the Purchase Agreement, the “Purchase Share Amount”), by timely delivering written notice to B. Riley Principal Capital
II (each, a “Purchase Notice”) prior to 9:00 a.m., New York City time, on any trading day (each, a “Purchase Date”),
so long as (a) the closing sale price of our Common Stock on the NYSE on the trading day immediately prior to such Purchase Date
is not less than $1.00 (such price, the “Threshold Price”), and (b) all shares of Common Stock subject to all prior Purchases
and all prior Intraday Purchases (defined below) effected by us under the Purchase Agreement (as applicable) have been received by B.
Riley Principal Capital II in the manner set forth in the Purchase Agreement, prior to the time we deliver such Purchase Notice to B.
Riley Principal Capital II.

The per share purchase price
that B. Riley Principal Capital II is required to pay for shares of Common Stock in a Purchase effected by us pursuant to the Purchase
Agreement, if any, will be determined by reference to the volume weighted average price of the Common Stock (the “VWAP”),
calculated in accordance with the Purchase Agreement, for the period (the “Purchase Valuation Period”) beginning at the official
open (or “commencement”) of the regular trading session on the NYSE on the applicable Purchase Date for such Purchase, and
ending at the earliest to occur of (i) 3:59 p.m., New York City time, on such Purchase Date or such earlier time publicly announced
by the NYSE as the official close of the regular trading session on such Purchase Date, (ii) such time that the total aggregate number
(or volume) of shares