secwatch.observer — SEC 8-K summary
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Issuer:     GCT Semiconductor Holding, Inc. (GCTS)
CIK:        0001851961
Form:       8-K
Filed at:   2023-11-03T23:59:59+00:00
Accession:  0001104659-23-114019
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Concord Acquisition Corp III to merge with GCT Semiconductor at $661M valuation, up to $87M proceeds
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- Pro forma valuation of GCT at $661M including 20.0M performance-based earnout shares.
- Enterprise value ~$461M at closing; gross proceeds up to $87M from PIPE, convertible note, and trust.
- $43M fully committed PIPE and convertible note financing from existing and new investors.
- Transaction expected to close in Q1 2024; combined company to list on NYSE as "GCTS".
- All GCT existing stockholders retain their equity through the transition to public company.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851961/000110465923114019/0001104659-23-114019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851961/000110465923114019/tm2329797d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-114019

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