Concord Acquisition Corp III signs non-binding LOI for business combination with semiconductor supplier

GCT Semiconductor Holding, Inc.

Non-binding LOI with a well-established semiconductor supplier; target name not disclosed.
Non-binding investor LOIs received for sufficient financing to support closing; no minimum cash condition.
Completion subject to due diligence, definitive agreements, stockholder and regulatory approvals.
No assurance definitive agreement will be reached or that the business combination will be consummated.
Special meeting of stockholders scheduled for November 6, 2023 to vote on extension.

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