GCT Semiconductor to go public via merger with Concord Acquisition Corp III

GCT Semiconductor, a fabless designer of 5G semiconductor solutions, has entered into a business combination agreement with Concord Acquisition Corp III. The transaction values GCT at a pro forma enterprise value of approximately $461 million and is expected to provide up to $87 million in gross proceeds.

“We believe that this transaction will strengthen GCT’s business operations and provide the funding needed to fuel our 5G product development and commercialization as the global markets transition from 4G to 5G.”businesswire.com

• 1 source
• businesswire.comGCT Semiconductor to Become Publicly Listed via Merger with Concord Acquisition Corp III, Enhancing the 5G Silicon EcosystemFor MediaNov 3, 2023

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