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GCT Semiconductor, Inc. , a leading fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions, is pleased to announce the completion of its business combination, previously announced on November 3, 2023 with Concord Acquisition Corp III (NYSE: CNDB) today. Concord¿s sponsor is affiliated with Atlas Merchant Capital LLC, an investment firm that offers debt and equity investment strategies, seeking long-term value through differentiated expertise in financial services and credit markets. Commencing at the opening of trading on March 27, 2024, GCT common shares and warrants to purchase common shares will be listed on the NYSE under the ticker symbols 'GCTS' and 'GCTSW,' respectively. The transaction values GCT at an enterprise value of approximately $461 million, with a total pro forma enterprise value of $667 million, which includes 20.6 million performance-based earnout shares.
| Last: | $1.125 |
|---|---|
| Change Percent: | 2.74% |
| Open: | $1.13 |
| Close: | $1.095 |
| High: | $1.13 |
| Low: | $1.095 |
| Volume: | 331,084 |
| Last Trade Date Time: | 03/11/2026 01:06:15 pm |
| Market Cap: | $70,803,452 |
|---|---|
| Float: | 44,880,253 |
| Insiders Ownership: | 1.33% |
| Institutions: | 9 |
| Short Percent: | N/A |
| Industry: | Semiconductors and Equipment |
| Sector: | Technology |
| Website: | https://www.gctsemi.com |
| Country: | US |
| City: | San Jose |
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**MWN-AI FAQ is based on asking OpenAI questions about GCT Semiconductor Holding Inc. (NYSE: GCTS).
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