GCT Semiconductor completed its business combination with Concord Acquisition III. GCT is a fabless designer and supplier of advanced LTE, IoT and 5G semiconductor solutions.
GCT shares and warrants list on the NYSE under the ticker symbols GCTS and GCTSW.
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. The transaction provided GCT with approximately $50 million to fuel growth. Read more.
