$GCT Semiconductor, Inc.(GCTS)$
Pro forma valuation of GCT of up to approximately $667 million, which includes up to 20.6 million performance-based earnout shares
Transaction provided GCT approximately $50 million of gross proceeds to finalize development of a full-band 5G chipset portfolio as well as for expansion into new markets
Approximately $49 million has been funded via fully committed PIPE and convertible note financing from both existing and new investors of GCT
All GCT existing stockholders retained their equity holdings through GCT’s transition into the publicly listed company and substantially all outstanding convertible notes will convert into common stock at closing
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