Concord Acquisition III plans non-redemption deals; Sponsor to convert 8.6M Class B shares for extension

GCT Semiconductor Holding, Inc.

Special meeting to approve charter amendment extending business combination deadline to Aug 8, 2024.
Non-redemption agreements: stockholders forego redemption for Promote Shares; Sponsor forfeits equal Class B shares.
Sponsor to convert 8,625,000 Class B shares into Class A common stock upon extension approval.
Agreements aim to reduce redemptions, preserving trust account funds, but do not guarantee extension approval.
Actual terms may differ; no assurance any incentives will be offered.

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