secwatch.observer — SEC 8-K summary
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Issuer:     GCT Semiconductor Holding, Inc. (GCTS)
CIK:        0001851961
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0001104659-24-051246
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 1.01, 3.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1851961/000110465924051246/0001104659-24-051246-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1851961/000110465924051246/tm2412338d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-051246

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