GCT Semiconductor Secures Up to $20 Million in Convertible Note Financing from Indigo Capital
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GCT Semiconductor Holding Inc. has entered into a Convertible Promissory Note Purchase Agreement with Indigo Capital LP to issue and sell up to $20 million in convertible notes. The notes mature in 24 months, carry a 7% original issue discount, and can be converted into GCT's common stock. The company retains flexibility over the timing and amount of capital raised.
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