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GigaCloud Technology Inc Announces Planned Acquisition of New Classic Home Furnishings - GigaCloud Tech (NASDAQ:GCT)

Summary by Benzinga
EL MONTE, Calif., Oct. 24, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced its entry into a binding term sheet for the acquisition of 100% of outstanding equity interest of New Classic Home Furnishing, Inc. ("New Classic") for $18 million. Headquartered in Fontana, California, New Classic is a profi…

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GigaCloud Technology Inc Announces Planned Acquisition of New Classic Home Furnishings - GigaCloud Tech (NASDAQ:GCT)

EL MONTE, Calif., Oct. 24, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (NASDAQ:GCT) ("GigaCloud" or the "Company"), a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, today announced its entry into a binding term sheet for the acquisition of 100% of outstanding equity interest of New Classic Home Furnishing, Inc. ("New Classic") for $18 million. Headquartered in Fontana, California, New Classic is a profi…

·New York, United States
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Benzinga broke the news in New York, United States on Friday, October 24, 2025.
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