{"schema_version":"secwatch.filing_event.v1","accession":"0000929638-25-004601","form_type":"8-K","ticker":"GCTS","cik":"0001851961","company_name":"GCT Semiconductor Holding, Inc.","filed_at":"2025-12-15T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.813461+00:00","generated_at":"2026-05-16T13:15:26.584586+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"GCT Semiconductor enters up to $20M convertible note facility with Indigo Capital LP","bullets":["Initial $1M advance; subsequent $1M tranches available at company's option, up to $20M aggregate.","7% original issue discount; 24-month maturity; no interest; convertible at 90% of 3-day VWAP.","Shares issuable upon conversion registered on existing Form S-3 for resale.","Company controls timing and amount of draws; no obligation to use facility.","Subsequent advances require $1.00 minimum closing bid price for prior 5 trading days."],"urls":{"canonical":"https://secwatch.observer/filing/0000929638-25-004601","json":"https://secwatch.observer/filing/0000929638-25-004601.json","markdown":"https://secwatch.observer/filing/0000929638-25-004601.md","text":"https://secwatch.observer/filing/0000929638-25-004601.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1851961/000092963825004601/0000929638-25-004601-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1851961/000092963825004601/form8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T13:15:26.584586+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"7563426235ceb675a8d41015257845ee142b2f1c","claim":"GCT Semiconductor Holding, Inc. incurred convertible notes of up to $20,000,000 with Indigo Capital LP at will not bear interest maturing 24 months after issuance.","evidence_excerpt":"On December 15, 2025, GCT Semiconductor Holding, Inc. (the \"Company\") entered into a Convertible Promissory Note Purchase Agreement (the \"Purchase Agreement\") with Indigo Capital LP (the \"Purchaser\"), pursuant to which the Company may issue and sell to the Purchaser convertible promissory notes (the \"Convertible Notes\") in an aggregate principal amount of up to $20,000,000.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851961/000092963825004601/0000929638-25-004601-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"convertible notes"},{"label":"Principal","value":"up to $20,000,000"},{"label":"Counterparty","value":"Indigo Capital LP"},{"label":"Rate","value":"will not bear interest"},{"label":"Maturity","value":"24 months after issuance"},{"label":"Event","value":"incurrence"}]}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}