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Reverse Recapitalization (Tables)

9 Months Ended

Sep. 30, 2024

Reverse Recapitalization

Schedule of outstanding common stock

Immediately after the Closing, the Company’s outstanding common stock included the following components (in thousands):

		Shares
Common stock of Concord III outstanding prior to the Business Combination			3,941
Less: redemption of Concord III’s common stock			(3,766	)
Sponsor earnout common stock outstanding prior to the Business Combination			8,625
Common stock of Concord III issued and outstanding			8,800
Common stock issued in PIPE Financing			4,530
Legacy GCT common stock			32,503
Total common stock issued and outstanding			45,833

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Tabular disclosure of common stock outstanding following the consummation of business combination.

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