GigaCloud Technology Inc. has entered into a definitive agreement to acquire 100% of the outstanding equity of New Classic Home Furnishings, Inc. for 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 and has received unanimous approval from the company's Board of Directors. The deal is expected to close on January 2, 2026, pending satisfaction of customary closing conditions. The terms remain unchanged from those previously disclosed on October 24.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. GigaCloud Technology Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9596339-en) on December 03, 2025, and is solely responsible for the information contained therein.