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Reverse Recapitalization (Tables)

3 Months Ended

Mar. 31, 2024

Reverse Recapitalization

Number of shares of common stock issued and outstanding immediately following consummation of the Business Combination

The number of shares of common stock issued and outstanding immediately following consummation of the Business Combination was (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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