Company: GCTS
Filing Date: 2025-04-23
Form Type: S-3
Source: 0001104659-25-038103
Chunk: 13

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-04-23
Form: S-3
Chunk 13
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 Common Stock that we elect to sell to B. Riley Principal Capital II in an Intraday Purchase pursuant to the
Purchase Agreement, if any, will be calculated in the same manner as in the case of a Purchase (including the same fixed percentage
discounts to the applicable VWAP used to calculate the per share purchase price for a Purchase, as described above), provided that
the VWAP for each Intraday Purchase effected on a Purchase Date will be calculated over different Intraday Purchase Valuation
Periods during the regular trading session on the NYSE on such Purchase Date, each of which will commence and end at different times
on such Purchase Date.

There is no upper limit on
the price per share that B. Riley Principal Capital II could be obligated to pay for the Common Stock that we may elect to sell to B.
Riley Principal Capital II in any Purchase or any Intraday Purchase under the Purchase Agreement. In the case of Purchases and Intraday
Purchases effected by us under the Purchase Agreement, if any, all share and dollar amounts used in determining the purchase price per
share of Common Stock to be purchased by B. Riley Principal Capital II in a Purchase or an Intraday Purchase (as applicable), or in determining
the applicable maximum purchase share amounts or applicable volume or price threshold amounts in connection with any such Purchase or
Intraday Purchase (as applicable), in each case, will be equitably adjusted as set forth in the Purchase Agreement for any reorganization,
recapitalization, non-cash dividend, stock split, reverse stock split or other similar transaction occurring during any period used to
calculate such per share purchase price, maximum purchase share amounts or applicable volume or price threshold amounts.

We will control the timing
and amount of any sales of Common Stock to B. Riley Principal Capital II that we may elect, in our sole discretion, to effect from time
to time from and after the Commencement Date and during the term of the Purchase Agreement. Actual sales of shares of Common Stock to
B. Riley Principal Capital II under the Purchase Agreement will depend on a variety of factors to be determined by us from time to time,
including, among other things, market conditions, the trading price of the Common Stock and determinations by us as to the appropriate
sources of funding for its business and its operations.

Under the applicable NYSE
rules, in no event may we issue to B. Riley Principal Capital II under the Purchase Agreement more than 9,166