GCT Semiconductor enters $50M common stock purchase agreement with B. Riley

GCT Semiconductor Holding, Inc.

Agreement to sell up to $50M in new shares to B. Riley Principal Capital II, at company's discretion, based on VWAP pricing.
Purchases optional for company; term up to 24 months after SEC declares registration effective; shares issued as DWAC.
Securities offered under Section 4(a)(2) exemption; Registration Rights Agreement executed concurrently.
Company to file 8-K disclosing material terms and file registration statement for resale of shares.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GCT Semiconductor Holding, Inc. entered into Common Stock Purchase Agreement with B. Riley Principal Capital II, LLC valued at $50,000,000 (effective 2024-04-23).

Action: entry
Agreement: equity purchase
Counterparty: B. Riley Principal Capital II, LLC
Value: $50,000,000
Effective: 2024-04-23

Exact text from the filing

On April 23, 2024, GCT Semiconductor Holding, Inc. (the “Company”) entered into a Common Stock Purchase Agreement (the “Purchase Agreement”) and a related Registration Rights Agreement (the “Registration Rights Agreement”) with B. Riley Principal Capital II, LLC (“B. Riley Principal Capital II”).

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GCT Semiconductor Holding, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-24-051246

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