GCT Semiconductor revised its offering cap upward to $130 million and received $98.92 million in commitments

Change: offered +55% / raised +84% / placed 76%
XDATA – December 2nd 2015
GCT Semiconductor upped its financing to $130 million from $84 million after receiving new commitments. An additional $45.12 million worth of securities was placed by the company with fifteen investors since the company last released data in September 2014. This brings to $98.92 million the amount raised from the twenty-six backers who subscribed to the offering. The offering is structured as indefinite and will remain open until fully subscribed. Up to now GCT Semiconductor had raised an estimated $87.2 million in unregistered securities via one financing round.
GCT Semiconductor designs and markets 4G LTE and WiMAX semiconductor solutions. The company’s system-on-chip solutions integrate radio frequency, baseband modem and digital signal processing functions, therefore offering complete 4G platform solutions with small form factors, low power consumption, high performance, high reliability and cost effectiveness. Investors include Samsung Ventures, LG, DoCoMo Capital, SK Telecom, Parakletos Ventures, Pequot Ventures, National Semiconductor, UMC, Anapass, Pericom Semiconductor, UOB Venture, 3V SourceOne Capital, Mizuho Venture Capital, ITX International Holdings, UTStarcom, WI Harper Group, Bokwang Investment, East Gate Capital, AT Ventures, KGI Partners, and Nexus Investment.
The company is headquartered in San Jose CA. GCT Semiconductor elected to keep its revenues undisclosed.
The executive team includes Alex Sum, Gene Kulzer, Jeongmin “jeemee” Kim and John Schlaefer.
The board of directors includes Kyeongho “kh” Lee, Paul Kim, Robert Barker and Sundance Joe.

The company has raised an estimated total of $186.12 million via private unregistered security offerings.

Offering recap
Status: Intermediary close
Company: GCT Semiconductor
Industry: Other Technology
Amount offered: $130 million
Amount placed: $98.92 million
SEC filing: Source
First sale: 04-16-2013
Data as of: 12-02-2015

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