GCT Semiconductor Holding, Inc. announced that it has entered into subscription agreements to issue 4,529,967 common shares at a purchase price of $6.67 per share for an aggregate gross proceeds of approximately $30,214,879.89 on March 26, 2024. The purchase of the PIPE Shares was conditioned upon, among other things, the consummation of the Business Combination and was consummated immediately prior to the Closing. The shares issued to the PIPE Investors were issued pursuant to and in accordance with the exemption from registration under the Securities Act, under Section 4(a)(2) and/or Regulation D promulgated under the Securities Act.