TD Securities (USA) LLC Increases Stake in GCT Semiconductor Holding, Inc. to 4.6% via Warrants

TD Securities (USA) LLC, along with its parent entities Toronto Dominion Holdings (U.S.A.) Inc., TD Group US Holdings LLC, and The Toronto-Dominion Bank, filed a Schedule 13G/A on May 15, 2026, regarding their holdings in GCT Semiconductor Holding, Inc. (GCTS). As of the event date of March 31, 2026, the reporting persons beneficially own 3,456,392 shares of common stock, representing a 4.6% ownership stake. This position is primarily comprised of 3,452,395 shares issuable upon the exercise of warrants, with only 3,997 shares held as direct common stock. The filing indicates an increase from a previously reported 0.0% position, though the current 4.6% stake falls below the typical 5% reporting threshold, triggering the 'Item 5' certification for ownership of 5% or less. TD Securities (USA) LLC maintains sole voting and dispositive power over the shares. The parent companies disclaim beneficial ownership except to the extent of their pecuniary interest. The securities were acquired in the ordinary course of business and not for the purpose of influencing control of the issuer.