secwatch.observer — SEC 8-K summary
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Issuer:     GCT Semiconductor Holding, Inc. (GCTS)
CIK:        0001851961
Form:       8-K
Filed at:   2025-01-29T23:59:59+00:00
Accession:  0000929638-25-000430
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01
LLM model:  deepseek-v4-flash:cloud@v2

GCT Semiconductor secures ₩6.5B ($4.5M) loan from Chairman at 12% interest, matures Feb 2025
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- Borrower GCT Research (wholly owned subsidiary) entered a Loan Agreement with Chairman Kyeongho Lee for up to ₩6.5B (≈$4.5M) at 12% annual interest.
- January Loan matures February 24, 2025; late payment penalty is 3% of unpaid principal per month.
- Amendment to November 2024 loan (₩4B) increased penalty from 1.25% to 3% per month; all other terms unchanged.
- Interest on both loans capped so total payments to Chairman do not exceed $120,000 in any 12-month period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851961/000092963825000430/0000929638-25-000430-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851961/000092963825000430/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-25-000430

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