On February 24, 2026, GCT Semiconductor Holding, Inc. closed the transaction. The company revised the maturity date of the transaction. The Notes have a maturity date of February 26, 2028.
The transaction involves participation from returning investor Gogo Business Aviation LLC. In connection with the execution of the amendment, the Company entered into a Warrant Issuance Agreement pursuant to which the Company agreed to issue to the holder a warrant to purchase 500,000 shares of the Company?s common stock, in consideration of the holder?s agreement to enter into the Amendment. The Warrant has an exercise price of $2.50 per share and a term of three (3) years from the date of issuance.
The outstanding principal amount of and all accrued but unpaid interest on this Note shall be due and payable at any time after the fourth 4th) anniversary of the date hereof. The Company shall pay all Transfer Agent fees stamp taxes and other taxes and duties levied in connection with the delivery of the Warrant Shares to the Investor.
