other material
confidence high
sentiment neutral
materiality 0.70
GCT Semiconductor raises $11M in registered direct offering of shares and warrants
GCT Semiconductor Holding, Inc.
- Sold 7,006,370 shares and warrants for up to 10,509,555 shares at $1.57/unit; gross proceeds ~$11M.
- Warrants exercisable at $1.71/share, starting six months from issuance, expiring five years later.
- Offering closed May 16, 2025; net proceeds for working capital and general corporate purposes.
- Roth Capital acted as placement agent with a 7% cash fee; 60-day lock-up for directors and officers.