secwatch.observer — SEC 8-K summary
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Issuer:     GCT Semiconductor Holding, Inc. (GCTS)
CIK:        0001851961
Form:       8-K
Filed at:   2025-12-15T23:59:59+00:00
Accession:  0000929638-25-004601
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

GCT Semiconductor enters up to $20M convertible note facility with Indigo Capital LP
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851961/000092963825004601/0000929638-25-004601-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851961/000092963825004601/form8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-25-004601

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