secwatch.observer — SEC 8-K summary
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Issuer:     GCT Semiconductor Holding, Inc. (GCTS)
CIK:        0001851961
Form:       8-K
Filed at:   2023-05-08T23:59:59+00:00
Accession:  0001104659-23-056911
Event type: other_material
Sentiment:  negative
Materiality: 0.85
Item codes: 1.01, 5.03, 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Concord Acquisition Corp III shareholders approve extension; 88% of Class A shares redeemed, trust nearly depleted
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851961/000110465923056911/0001104659-23-056911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851961/000110465923056911/tm2314500d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-056911

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