{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-115546","form_type":"8-K","ticker":"GCTS","cik":"0001851961","company_name":"GCT Semiconductor Holding, Inc.","filed_at":"2023-11-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:31.057217+00:00","generated_at":"2026-06-08T10:56:16.852339+00:00","sec_items":["1.01","3.02","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Concord Acquisition Corp III enters $350M business combination with GCT Semiconductor","bullets":["SPAC CNDB to merge with GCT; target valued at $350M (adjusted for debt and cash).","PIPE investors commit ~$29.9M at $6.67/share; convertible notes add up to $13.3M.","GCT stockholders receive shares of New CND common stock; earnout of up to 20M shares at $12.50/$15.00/$17.50 share targets.","Sponsor agrees to vote for deal, not redeem shares, and forfeit up to 2.82M private warrants; lock-up period one year.","Closing conditioned on stockholder approvals, $5M+ net tangible assets, and SEC registration statement effectiveness."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-115546","json":"https://secwatch.observer/filing/0001104659-23-115546.json","markdown":"https://secwatch.observer/filing/0001104659-23-115546.md","text":"https://secwatch.observer/filing/0001104659-23-115546.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923115546/0001104659-23-115546-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923115546/tm2330058d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T10:56:16.852339+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":"70665672fbe6632ac4b1f26674cd8097d451ccc9","claim":"GCT Semiconductor Holding, Inc. entered into Business Combination Agreement with GCT Semiconductor, Inc. valued at $350 million (effective 2023-11-02).","evidence_excerpt":"On November 2, 2023, Concord Acquisition Corp III, a Delaware corporation (the “Company”) enterd into a business combination agreement (the “Business Combination Agreement”) with GCT Semiconductor, Inc., a Delaware corporation (“GCT”), and Gibraltar Merger Sub Inc., a Delaware corporation and a direct, wholly-owned subsidiary of the Company (“Merger Sub”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1851961/000110465923115546/0001104659-23-115546-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"GCT Semiconductor, Inc."},{"label":"Value","value":"$350 million"},{"label":"Effective","value":"2023-11-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}