GigaCloud Technology Inc. plans to acquire 100% of New Classic Home Furnishing, Inc. for $18 million, according to a company announcement. The deal is structured on a debt-free basis and includes a post-close earn-out tied to recurring revenue milestones in 2026. New Classic will retain its brand identity and management team. The acquisition aims to combine New Classic's established brick-and-mortar network with GigaCloud's technology and fulfillment capabilities, expanding the company's B2B ecosystem into wholesale channels. The transaction is expected to close on January 1, 2026, pending customary closing conditions.
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: GNW9551440-en) on October 24, 2025, and is solely responsible for the information contained therein.