SCHEDULE 13G/A: Concord Sponsor Group III LLC Discloses 1.31% Stake in GCT Semiconductor Holding, Inc.
Beneficial Ownership Report (Schedule 13G Amendment)
Concord Sponsor Group III LLC has filed an amended Schedule 13G, reporting beneficial ownership of 1.31% of GCT Semiconductor Holding, Inc.'s common stock as of March 26, 2025.
Summary
- Concord Sponsor Group III LLC (the "Sponsor") reported beneficial ownership of 632,586 shares of GCT Semiconductor Holding, Inc. common stock.
- This stake represents 1.31% of the total 48,246,480 shares of Common Stock outstanding as of March 20, 2025, as reported by GCT Semiconductor Holding, Inc. in its Annual Report on Form 10-K.
- The Sponsor holds sole voting power and sole dispositive power over all 632,586 shares.
- The filing is an Amendment No. 1 to a Schedule 13G, indicating an update to a previously filed statement.
- The Sponsor's governance structure involves a board of three managers (Bob Diamond, David Schamis, and Timothy Kacani), with decisions requiring a majority vote, and individual managers are not deemed beneficial owners under the 'rule of three'.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would inherently indicate positive or negative sentiment regarding the issuer's performance or prospects.
Future Outlook
NA
Management Comments
- Concord Sponsor Group III LLC is governed by a board of managers consisting of three managers: Bob Diamond, David Schamis, and Timothy Kacani.
- Any action by the Sponsor with respect to the issuer or the issuer's securities held by the Sponsor, including voting and dispositive decisions, requires at least a majority vote of the managers of the board of managers.
- Under the so-called 'rule of three', none of the managers is deemed to be a beneficial owner of the issuer's securities held by the Sponsor, even those in which such manager holds a pecuniary interest.
Industry Context
This filing is a standard disclosure of beneficial ownership and does not provide specific industry context or trends for the semiconductor sector.
Corporate Governance
| Change Type | Description | Effective Date | Impact Assessment |
|---|---|---|---|
| Reporting Person Governance Structure Clarification | The document clarifies the internal governance of Concord Sponsor Group III LLC, stating that its board of managers (Bob Diamond, David Schamis, Timothy Kacani) makes decisions by majority vote, and individual managers are not deemed beneficial owners of the shares held by the Sponsor under the 'rule of three'. | NA | Provides transparency regarding the decision-making and beneficial ownership attribution within the reporting entity, not directly impacting GCT Semiconductor Holding, Inc.'s corporate governance. |
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake in GCT Semiconductor Holding, Inc., offering insight into the ownership structure.
Key Dates
| Date | Description |
|---|---|
| March 20, 2025 | Date as of which 48,246,480 shares of Common Stock were outstanding, as reported by the Issuer in its Annual Report on Form 10-K. |
| March 25, 2025 | Date GCT Semiconductor Holding, Inc. filed its Annual Report on Form 10-K with the SEC. |
| March 26, 2025 | Date of event which requires the filing of this statement (Schedule 13G Amendment No. 1). |
| March 28, 2025 | Date the Schedule 13G Amendment No. 1 was signed by Concord Sponsor Group III LLC. |
Keywords
GCT Semiconductor Holding Inc, Concord Sponsor Group III LLC, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Ownership, Equity Stake
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