GigaCloud completes acquisition of New Classic Home Furnishings [Yahoo! Finance]
GigaCloud Technology Inc - Class A Ordinary Shares (GCT)
Company Research
Source: Yahoo! Finance
Founded more than 25 years ago in Fontana, California, New Classic serves over 1,000 retailer customers and offers a broad portfolio of more than 2,000 SKUs. The acquisition strengthens GigaCloud's growing ecosystem by adding a well-established wholesale business with broadened retailer relationships and a proven product assortment. The acquisition was completed following the satisfaction of all customary closing conditions under the definitive Share Purchase Agreement. Under the terms of the agreement, GigaCloud acquired 100% of the outstanding equity of New Classic for total consideration of $18M on a debt-free basis, including a post-closing earn-out. The purchase price is subject to customary post-closing adjustments, including a net working capital adjustment. The transaction was funded from GigaCloud's existing cash on hand and was unanimously approved by the Company's Board of Directors. Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
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News
- Halper Sadeh LLC Encourages GigaCloud Technology Inc. Shareholders to Contact the Firm to Discuss Their RightsBusiness Wire
- How GigaCloud's Home-Furnishings Acquisition and New Sales Leaders Could Impact GigaCloud Technology (GCT) Investors [Yahoo! Finance]Yahoo! Finance
- GigaCloud Technology Inc Announces Two Sales Leadership AppointmentsGlobeNewswire
- GigaCloud Technology (NASDAQ:GCT) was downgraded by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a> from a "buy (b-)" rating to a "hold (c+)" rating.MarketBeat
- GigaCloud Technology Inc to Participate in 28th Annual Needham Growth Conference [Yahoo! Finance]Yahoo! Finance
GCT
Earnings
- 11/6/25 - Beat
GCT
Sec Filings
- 1/13/26 - Form 4
- 1/9/26 - Form 4
- 1/7/26 - Form 144
- GCT's page on the SEC website