{"schema_version":"secwatch.filing_event.v1","accession":"0001857816-25-000111","form_type":"8-K","ticker":"GCT","cik":"0001857816","company_name":"GigaCloud Technology Inc","filed_at":"2025-10-24T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.842497+00:00","generated_at":"2026-05-17T02:22:04.433796+00:00","sec_items":["8.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"GigaCloud to acquire New Classic Home Furnishing for $18M, expanding into brick-and-mortar wholesale","bullets":["Acquisition of 100% of New Classic Home Furnishing for $18M in cash; expected close Jan 1, 2026.","New Classic generates ~$70M annual revenue, 2,000+ SKUs, and serves 1,000+ brick-and-mortar retailers.","Deal diversifies supply chain: New Classic sources <3% from China, mostly from Southeast Asia and US.","New Classic will retain brand and management; earn-out based on 2026 recurring revenue milestones.","GigaCloud funded from existing cash; term sheet binding subject to customary conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0001857816-25-000111","json":"https://secwatch.observer/filing/0001857816-25-000111.json","markdown":"https://secwatch.observer/filing/0001857816-25-000111.md","text":"https://secwatch.observer/filing/0001857816-25-000111.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1857816/000185781625000111/0001857816-25-000111-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1857816/000185781625000111/gct-20251024.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T02:22:04.433796+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}