Company: GCTS
Filing Date: 2025-05-30
Form Type: S-3/A
Source: 0001104659-25-054969
Chunk: 46

Company: GCT Semiconductor Holding, Inc.
Filing Date: 2025-05-30
Form: S-3/A
Chunk 46
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 dependent on the price of any of our shares of Common Stock and the spread between the exercise price
of the Warrants and the price of our Common Stock at the time of exercise. We have outstanding (i) 17,250,000 Public Warrants to
purchase 17,250,000 shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (ii) 6,580,000 Private Placement
Warrants to purchase 6,580,000 shares of our Common Stock, exercisable at an exercise price of $11.50 per share, (iii) 2,295,333
GCT Warrants to purchase 2,295,333 shares of our Common Stock, exercisable at an exercise price of $5.00, $10.00, and $18.75 per share,
as applicable, as described herein for the GCT Warrants and (iv) 148,320 Anapass Warrants to purchase 148,320 shares of our Common
stock, exercisable at an exercise price of $3.02 per share. If the market price of our Common Stock is less than the exercise price of
a holder’s Warrants, it is unlikely that holders will exercise their Warrants. As of May 29, 2025, the closing price of our Common
Stock was $1.06 per share. There can be no assurance that any of our Warrants will be in the money prior to their expiration. As such,
it is possible that we may never generate any cash proceeds from the exercise of any of our Warrants. We will pay the expenses, other
than underwriting discounts and commissions, associated with the sale of securities pursuant to this prospectus. The aggregate proceeds
to the Selling Securityholders will be the purchase price of the securities less any discounts and commissions borne by the Selling Securityholders.

The Selling Securityholders
will pay any underwriting discounts and commissions and expenses incurred by the Selling Securityholders for brokerage, accounting, tax
or legal services or any other expenses incurred by the Selling Securityholders in disposing of the securities. We are required to pay
all other fees and expenses incident to the registration of the shares of our Common Stock to be offered and sold pursuant to this prospectus.

The shares of Common Stock
beneficially owned by the Selling Securityholders covered by this prospectus may be offered and sold from time to time by the Selling
Securityholders. The term “Selling Securityholders”