GigaCloud (GCT) enters definitive agreement to acquire New Classic Home Furnishings for $18M; close Jan 2, 2026

GigaCloud Technology Inc

Total consideration of $18 million on a debt-free basis, including post-close earn-out; funded from existing cash.
GigaCloud Board unanimously approved the transaction; terms unchanged from preliminary disclosure on October 24, 2025.
Expected closing date is January 2, 2026, subject to customary conditions.
Acquisition target is New Classic Home Furnishings, Inc. (100% equity); no financial impact or synergy estimates provided.

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