Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 43

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 43
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 the effect of discouraging lawsuits against our directors and officers, although our stockholders will not be deemed to have
waived its compliance with federal securities laws and the rules and regulations thereunder.

Our warrant agreement governing
the Private Placement Warrants designate the courts of the State of New York or the United States District Court for the Southern District
of New York as the sole and exclusive forum for certain types of actions and proceedings that may be initiated by holders of our Private
Placement Warrants, except for actions arising under the Exchange Act or any other claim for which the federal district courts of the
United States of America are the sole and exclusive forum. As a result, any action, proceeding or claim against us arising out of or relating
in any way to the warrant agreement governing the Private Placement Warrants, including under the Securities Act, will be brought and
enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and that we
irrevocably submit to such jurisdiction, which jurisdiction shall be the exclusive forum for any such action, proceeding or claim. We
will waive any objection to such exclusive jurisdiction and that such courts represent an inconvenient forum. The Anapass Warrants are
subject to the Delaware exclusive forum provisions as provided in our Charter.

Section 203 of the DGCL

We
are subject to the provisions of Section 203 of the DGCL. In general, Section 203 prohibits a Delaware corporation that is listed
on a national securities exchange or held of record by more than 2,000 stockholders from engaging in a “business combination”
with an “interested stockholder” for a three-year period following the time that such stockholder becomes an interested
stockholder, unless the business combination is approved in a prescribed manner. A “business combination” includes, among
other things, certain mergers, asset or stock sales or other transactions resulting in a financial benefit to the interested stockholder.
An “interested stockholder” is a person who, together with affiliates and associates, owns, or did own within three years
prior to the determination of interested stockholder status, 15% or more of the corporation’s outstanding voting stock. Under Section 203,
a business combination between a corporation and an interested stockholder is prohibited unless it satisfies one of the following conditions:

| · | before the stockholder became interested, our Board approved either the business combination or the transaction 
 which resulted in the stockholder becoming an interested stockholder;