Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 23

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 23
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 not expect trading markets to develop. In addition, we do not intend
to apply for listing of the Private Placement Warrants or the Anapass Warrants on any securities exchange or recognized trading system.
As described in the section entitled “Plan of Distribution,” the price at which the Private Placement Warrants or the
Anapass Warrants may be sold by the Selling Securityholders will depend, in part, on the manner and timing of such sales as determined
by the Selling Securityholders, and the Company is not able to predict when and how such warrants will be sold and at what price. However,
in the event that such holders decide to sell, transfer or distribute the Private Placement Warrants or Anapass Warrants, we expect such
price will likely be derived from the market price of our Common Stock and Public Warrants traded on the NYSE.

The exercise price of the Private Placement Warrants
and the Anapass Warrants was determined based on the trading price of our Common Stock when we agreed to issue the Private Placement Warrants
and the Anapass Warrants.

<div align='center'>18

DESCRIPTION OF SECURITIES</div>

The following summary of the material terms of our securities is not intended to be a complete summary of the rights and preferences of such securities. The descriptions below are qualified by reference to the actual text of our Charter. We urge you to read our Charter in its entirety for a complete description of the rights and preferences of our securities.

Authorized and Outstanding Capital Stock

Our
Charter authorizes the issuance of 400,000,000 shares of Common Stock, $0.0001 par value per share and 40,000,000 shares of
Preferred Stock, $0.0001 par value.

Voting Power

Except
as otherwise provided by the DGCL or our Charter and subject to the rights of holders of any series of Preferred Stock, all of the voting
power of our stockholders will be vested in the holders of our Common Stock, and each holder of our Common Stock will have one vote for
each share held by such holder on all matters voted upon by the stockholders of the Company; provided, however, that, except as otherwise
required by law, holders of our Common Stock, as such, will not be entitled to vote on any amendment to our Charter (or on any amendment
to a certificate of designations of any series of Preferred Stock) that alters or changes the powers, preferences, rights or other terms
of one or