GCT Semiconductor (NYSE: GCTS) adds ₩15.0B secured term loan maturing 2026

Rhea-AI Filing Summary

GCT Semiconductor Holding, Inc. disclosed that its wholly owned subsidiary, GCT Research, Inc., entered into a new term loan agreement with Anapass, Inc. The facility provides up to ₩15.0 billion South Korean Won, described as approximately USD $10.7 million, giving the company additional short-term funding capacity. The loan carries a 7.0% annual interest rate and will mature on September 10, 2026, meaning principal and interest must be repaid within roughly one year of signing. To secure repayment and other obligations under the agreement, GCT Research pledged certain assets as collateral, which increases the lender’s protection but encumbers those assets.

Insights

Corporate finance analyst

GCT adds a secured ₩15.0B term loan at 7% maturing in 2026.

GCT Semiconductor, through its subsidiary GCT Research, obtained a term loan facility of up to ₩15.0 billion (approximately USD $10.7 million) from Anapass, Inc.. The loan bears interest at 7.0% per year and matures on September 10, 2026, creating a defined near-term repayment obligation. This provides incremental liquidity but also increases fixed financing costs.

The agreement is secured by certain assets pledged as collateral, which strengthens the lender’s position and may limit the company’s flexibility over those assets. The filing does not detail covenants or use of proceeds, so the financial impact will depend on how heavily the facility is drawn and how the borrowed funds are deployed relative to the company’s operating scale.

Investors may focus on how much of the up to ₩15.0 billion facility is ultimately utilized and whether future disclosures around the period ending on September 10, 2026 show timely repayment or refinancing. The attached press release (Exhibit 99.1) is indicated as providing additional context around the September Loan Agreement.

8-K Event Classification

4 items: 1.01, 2.03, 8.01, 9.01

4 items

Item 1.01 Entry into a Material Definitive Agreement Business

The company signed a significant contract such as a merger agreement, credit facility, or major partnership.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement Financial

The company incurred a new significant debt or off-balance-sheet obligation.

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Understanding 8-K Material Events →

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Current Report

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): September 10, 2025

GCT Semiconductor Holding, Inc.

(Exact Name of Registrant as Specified in Its Charter)

001-41013

(Commission File Number)

Delaware	86-2171699
(State or Other Jurisdiction of Incorporation)	(I.R.S. Employer Identification No.)

2290 North 1st Street, Suite 201

San Jose, CA 95131

(Address of principal executive offices, including zip code)

(408) 434-6040

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(g) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock, par value $0.0001 per share		GCTS		NYSE
Warrants, each whole warrant exercisable for one share of Common Stock for $11.50 per share		GCTS.WS		NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter):

Emerging growth company ☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 1.01. Entry into a Material Definitive Agreement.

September Loan Agreement

On September 10, 2025, GCT Research, Inc. (“Borrower”), a wholly owned subsidiary of GCT Semiconductor Holding, Inc. (the “Company”) entered into a Loan Agreement (the “September Loan Agreement”) with Anapass, Inc. (the “Lender”). The September Loan Agreement provides for a term loan facility of an aggregate principal amount of up to ₩15.0 billion South Korean Won (or approximately USD $10.7 million) (the “September Loan”). The September Loan will bear interest of 7.0% per annum and mature on September 10, 2026. The Borrower pledged as collateral certain assets to secure the repayment of the September Loan and the performance of all obligations under the September Loan Agreement.

Item 2.03 Creation of a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant.

The information set forth above under Item 1.01 is hereby incorporated by reference into this Item 2.03.

Item 8.01. Other Events.

On September 11, 2025, the Company issued a press release announcing the September Loan Agreement. A copy of the press release attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number		Description
99.1		Press Release, dated September 11, 2025.
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

		GCT SEMICONDUCTOR HOLDING, INC.
Date: September 11, 2025	By:	/s/ Edmond Cheng
	Name:	Edmond Cheng
	Title:	Chief Financial Officer

FAQ

What financing did GCT Semiconductor (GCTS) announce in this 8-K?

GCT Semiconductor reported that its subsidiary, GCT Research, Inc., entered into a Loan Agreement with Anapass, Inc. for a term loan facility of up to ₩15.0 billion South Korean Won, described as approximately USD $10.7 million.

What are the key terms of the new GCT Semiconductor (GCTS) loan?

The term loan bears interest at 7.0% per annum and matures on September 10, 2026. It is provided under a Loan Agreement between GCT Research, Inc. as borrower and Anapass, Inc. as lender.

Is the GCT Semiconductor (GCTS) loan secured by collateral?

Yes. GCT Research, Inc. pledged certain assets as collateral to secure repayment of the loan and the performance of all obligations under the September Loan Agreement.

Which GCT Semiconductor entity is the borrower under the September Loan Agreement?

The borrower is GCT Research, Inc., which is a wholly owned subsidiary of GCT Semiconductor Holding, Inc.

Did GCT Semiconductor (GCTS) issue a press release about the September Loan Agreement?

Yes. The company issued a press release on September 11, 2025, regarding the September Loan Agreement, which is attached as Exhibit 99.1 to the report.

How long does GCT Semiconductor (GCTS) have before the new loan matures?

The loan under the September Loan Agreement will mature on September 10, 2026, giving roughly one year from the agreement date before principal must be repaid.