GCT Semiconductor Files 8-K: Material Agreement & Equity Sales
Ticker: GCTS-WT · Form: 8-K · Filed: Sep 26, 2024 · CIK: 1851961
| Field | Detail |
|---|---|
| Company | Gct Semiconductor Holding, Inc. (GCTS-WT) |
| Form Type | 8-K |
| Filed Date | Sep 26, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $0.0001, $11.50, $3.02, $2.2 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, equity-sale, filing
TL;DR
GCT Semiconductor inked a material deal and sold equity, filing 8-K on 9/26.
AI Summary
On September 26, 2024, GCT Semiconductor Holding, Inc. filed an 8-K report detailing a material definitive agreement and unregistered sales of equity securities. The filing also includes financial statements and exhibits, indicating ongoing business activities and potential equity transactions.
Why It Matters
This filing signals significant corporate actions, including a new material agreement and equity transactions, which could impact the company's financial structure and future operations.
Risk Assessment
Risk Level: medium — The filing indicates material definitive agreements and unregistered equity sales, which can introduce financial and operational risks.
Key Numbers
- 001-41013 — SEC File Number (Identifies the company's filing with the SEC.)
- 86-2171699 — IRS Employer Identification No. (Company's tax identification number.)
Key Players & Entities
- GCT Semiconductor Holding, Inc. (company) — Registrant
- September 26, 2024 (date) — Date of Report
- Delaware (jurisdiction) — State of Incorporation
- Concord Acquisition Corp III (company) — Former Company Name
FAQ
What is the nature of the material definitive agreement entered into by GCT Semiconductor Holding, Inc. on September 26, 2024?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text excerpt.
What type of equity securities were sold in the unregistered sales reported on September 26, 2024?
The filing mentions unregistered sales of equity securities, but the specific type and details of these securities are not detailed in the provided text.
What are the key financial statements and exhibits included in this 8-K filing?
The filing states that financial statements and exhibits are included, but the specific content of these documents is not detailed in the provided excerpt.
When did GCT Semiconductor Holding, Inc. change its name from Concord Acquisition Corp III?
The filing indicates the date of name change was March 18, 2021.
What is the principal executive office address for GCT Semiconductor Holding, Inc.?
The principal executive offices are located at 2290 North 1st Street, Suite 201, San Jose, CA 95131.
Filing Stats: 849 words · 3 min read · ~3 pages · Grade level 10.9 · Accepted 2024-09-26 17:10:07
Key Financial Figures
- $0.0001 — ich registered Common Stock, par value $0.0001 per share GCTS NYSE Warrants, eac
- $11.50 — sable for one share of Common Stock for $11.50 per share GCTSW NYSE Indicate by
- $3.02 — "Common Stock") at a purchase price of $3.02 per share (the "Shares") and a warrant
- $2.2 million — from the Transactions of approximately $2.2 million. The Purchase Agreement is subject to
Filing Documents
- form8k.htm (8-K) — 30KB
- exhibit4-1.htm (EX-4.1) — 48KB
- exhibit10-1.htm (EX-10.1) — 114KB
- 0000929638-24-003250.txt ( ) — 398KB
- gcts-20240926.xsd (EX-101.SCH) — 4KB
- gcts-20240926_def.xml (EX-101.DEF) — 17KB
- gcts-20240926_lab.xml (EX-101.LAB) — 26KB
- gcts-20240926_pre.xml (EX-101.PRE) — 19KB
- form8k_htm.xml (XML) — 5KB
02 Unregistered Sales of Equity Securities
Item 3.02 Unregistered Sales of Equity Securities. The information contained in Item 1.01 of this Report in relation to the Shares and Warrant is incorporated herein by reference.
01 Exhibits and Financial Statements
Item 9.01 Exhibits and Financial Statements. (d) Exhibits. Exhibit No. Description of Exhibit 4.1* Warrant to Purchase Common Stock of GCT Semiconductor Holding, Inc., issued September 26, 2024. 10.1* Securities Purchase Agreement, dated September 26, 2024, by and among GCT Semiconductor Holding, Inc. and Anapass, Inc. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). *Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(a)(5). The Registrant agrees to furnish a copy of all omitted exhibits and schedules to the SEC upon its request. SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. GCT SEMICONDUCTOR HOLDING, INC. September 26, 2024 By: /s/ Edmond Cheng Name: Edmond Cheng Title: Chief Financial Officer