Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 22

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 22
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 Purchase Agreement.

Although
the Purchase Agreement provides that we may sell up to an aggregate of $50,000,000 of the Common Stock to B. Riley Principal Capital II,
only 10,900,000 shares of the Common Stock are being registered under the Securities Act for resale by B. Riley Principal Capital II under
the registration statement that includes this prospectus. If it becomes necessary for us to issue and sell to B. Riley Principal Capital
II under the Purchase Agreement more than the 10,900,000 Purchase Shares being registered under the Securities Act for resale by B. Riley
Principal Capital II under the registration statement that includes this prospectus in order to receive aggregate gross proceeds equal
to $50,000,000 under the Purchase Agreement, we must first (i) obtain stockholder approval to issue shares of Common Stock in excess of
the Exchange Cap under the Purchase Agreement in accordance with applicable NYSE rules and (ii) file with the SEC one or more additional
registration statements to register under the Securities Act the resale by B. Riley Principal Capital II of any such additional shares
of the Common Stock we wish to sell from time to time under the Purchase Agreement, which the SEC must declare effective, in each case
before we may elect to sell any additional shares of the Common Stock to B. Riley Principal Capital II under the Purchase Agreement. Any
issuance and sale by us under the Purchase Agreement of a substantial amount of shares of Common Stock in addition to the 10,900,000 shares
of Common Stock being registered for resale by B. Riley Principal Capital II under this prospectus could cause additional substantial
dilution to our stockholders. The number of shares of the Common Stock ultimately offered for sale by B. Riley Principal Capital II is
dependent upon the number of shares of Common Stock, if any, we ultimately elect to sell to B. Riley Principal Capital II under the Purchase
Agreement.

Investors who buy shares at different times will likely pay different prices and may experience different levels of dilution.

Pursuant
to the Purchase Agreement, we will have discretion, subject to market demand, to vary the timing, prices, and numbers of shares sold to
B. Riley Principal Capital II. If and when we elect to sell shares of the Common Stock to B. Riley Principal Capital II pursuant to the
Purchase Agreement, after B. Riley Principal Capital II has acquired such shares, it may resell all, some, or none of such shares at any
time