GCT Semiconductor (GCTS) Registration Filing summary

Company overview and business model

• Fabless semiconductor company specializing in high-speed wireless communication chipsets and modems, including 5G, 4.75G, 4.5G, and 4G technologies for industrial, B2B, and consumer applications.

• Operations include R&D in South Korea and sales/support offices in Taiwan, China, and Japan, with headquarters in San Jose, California.

• Product portfolio covers LTE chipsets, LTE Advanced, LTE Advanced-Pro, and cellular IoT chipsets for various network protocols.

Financial performance and metrics

• Identified as a smaller reporting company with less than $250 million in public float or less than $100 million in annual revenue.

• Most recent closing price for common stock was $1.41 per share and $0.08 per warrant as of April 21, 2025.

• Financial statements for the two most recent years are incorporated by reference, with a going concern explanatory paragraph from the auditor.

Use of proceeds and capital allocation

• May receive up to $103.3 million if all warrants are exercised for cash; proceeds intended for general corporate purposes, including working capital, capital expenditures, and future acquisitions.

• Proceeds are contingent on warrant holders exercising in-the-money; no proceeds from resale by selling securityholders.