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Penta Group is handling San Jose’s GCT Semiconductor, which going public via a $660M SPAC deal with Concord Acquisition Corp.
GCT claims to be one of only a handful remaining semiconductor companies with commercially proven 4G LTE and 5G chips.
It supports major wireless programs and has a strategic relationship with Samsung.
GCT CEO John Schlaefer said Concord “has a deep understanding of our technology, customer base, and the timing and potential of the 4G and 5G markets.”
He expects Concord’s funding will fuel product development and commercialization efforts in the global marketplace.
GCT will trade on the New York Stock Exchange.
Penta Group’s Cosette Gastelu represents GCT.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
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