Dec. 3 at 9:43 PM
$GCT GigaCloud Technology Inc Enters Definitive Share Purchase Agreement to Acquire New Classic Home Furnishings
GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced that it has entered into a definitive Share Purchase Agreement to acquire 100% of the outstanding equity of New Classic Home Furnishings, Inc.
The terms of the agreement remain unchanged from those previously disclosed on October 24, with a total consideration of
$18 million on a debt-free basis, including a post-close earn-out. The transaction will be funded from GigaCloud’s existing cash on hand. The Board of Directors of GigaCloud has unanimously approved the transaction.
The transaction is expected to close on January 2, 2026, subject to satisfaction of customary closing conditions.
Full pr: https://lnkd.in/eX-ia3_Y
