GigaCloud Technology Inc Announces $111 Million Share Repurchase Program

Reuters
08/18
GigaCloud Technology Inc Announces $111 Million Share Repurchase Program

GigaCloud Technology Inc (Nasdaq: GCT), a leader in global B2B technology solutions, announced a new share repurchase program valued at $111 million. The program, approved by the Board of Directors, allows the company to buy back its Class A ordinary shares over the next three years. This initiative, effective from August 17, 2025, follows the successful appreciation of its share price by 163% since its IPO in 2022. With zero debt and positive operating cashflows, GigaCloud plans to leverage its strong financial position to enhance shareholder value through this buyback plan.

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: GNW9513787-en) on August 18, 2025, and is solely responsible for the information contained therein.

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