other material
confidence high
sentiment neutral
materiality 0.55
GCT Semiconductor raises ~$2.2M via private placement of common stock and warrants to Anapass
GCT Semiconductor Holding, Inc.
- Sold 741,603 shares at $3.02/share and a warrant for 148,320 shares at same exercise price.
- Expected gross proceeds of approximately $2.2 million from the private placement.
- Warrant is immediately exercisable and expires five years from issuance date.
- Purchaser subject to 180-day lock-up; company to file resale registration statement on Form S-3 when eligible.