{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-056911","form_type":"8-K","ticker":"GCTS","cik":"0001851961","company_name":"GCT Semiconductor Holding, Inc.","filed_at":"2023-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:41.239115+00:00","generated_at":"2026-06-15T14:24:20.166843+00:00","sec_items":["1.01","5.03","5.07","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Concord Acquisition Corp III shareholders approve extension; 88% of Class A shares redeemed, trust nearly depleted","bullets":["Shareholders approved charter amendment to extend business combination deadline from May 8, 2023 to Nov 8, 2023; 33,891,464 for, 2,670,391 against.","30,460,066 Class A shares redeemed at ~$10.42/share, aggregate ~$317.39 million, leaving ~$42.10 million in trust.","Sponsor agreed to transfer 999,665 Class B shares to non-redeeming holders upon completion of an initial business combination.","Total shares entitled to vote were 34.5M Class A and 8.625M Class B; 84.78% turnout at special meeting."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-056911","json":"https://secwatch.observer/filing/0001104659-23-056911.json","markdown":"https://secwatch.observer/filing/0001104659-23-056911.md","text":"https://secwatch.observer/filing/0001104659-23-056911.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923056911/0001104659-23-056911-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923056911/tm2314500d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T14:24:20.166843+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":"0b91eba8d7a09dedce4642f6f0acc5e51b339ee6","claim":"GCT Semiconductor Holding, Inc.: Extended the deadline to consummate a business combination from Termination Date to Extended Date (effective 2023-05-04).","evidence_excerpt":"the Company filed an amendment to its amended and restated certificate of incorporation with the Delaware Secretary of State on May 4, 2023 (the “ Charter Amendment ”), to extend the date by which the Company has to consummate a business combination from the Termination Date to the Extended Date.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923056911/0001104659-23-056911-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"charter amendment"},{"label":"Effective","value":"2023-05-04"}],"fact_type":"governance_change"},{"claim_id":"a8cf5322d97a03e4c24099638eda5eb236ba7ecf","claim":"GCT Semiconductor Holding, Inc. entered into \"Non-Redemption Agreements\" with certain third parties valued at an aggregate of 999,665 shares of the Company’s Class B common stock (effective 2023-04-06).","evidence_excerpt":"on April 6, 2023, Concord Acquisition Corp III (the “ Company ”) and Concord Sponsor Group III LLC (the “ Sponsor ”), the Company’s sponsor, entered into agreements (“ Non-Redemption Agreements ”) with certain third parties","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923056911/0001104659-23-056911-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Counterparty","value":"certain third parties"},{"label":"Value","value":"an aggregate of 999,665 shares of the Company’s Class B common stock"},{"label":"Effective","value":"2023-04-06"}],"fact_type":"material_agreement"},{"claim_id":"3ba5baee47d26a5e32e8178971d270e4775dbf38","claim":"GCT Semiconductor Holding, Inc. shareholders approved Charter Amendment to extend the date by which the Company has to consummate a business combination from the Termination Date to the Extended Date. at the 2023-05-04 meeting.","evidence_excerpt":"The stockholders approved the Charter Amendment to extend the date by which the Company has to consummate a business combination from the Termination Date to the Extended Date. The voting results were as follows: FOR AGAINST ABSTAIN BROKER NON- VOTES 33,891,464 2,670,391 0 0","evidence_source":"SEC 8-K Item 5.07","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923056911/0001104659-23-056911-index.htm","confidence":0.9,"family_label":"Shareholder Votes","details":[{"label":"Proposal","value":"charter amendment"},{"label":"Outcome","value":"passed"},{"label":"Meeting","value":"2023-05-04"}],"fact_type":"shareholder_vote"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}