GigaCloud (GCT) Technology announced it has entered into a definitive share purchase agreement to acquire 100% of the outstanding equity of New Classic Home Furnishings. The total consideration is $18M on a debt-free basis, including a post-close earn-out, and will be funded from GigaCloud’s existing cash. The transaction is expected to close on January 2, 2026, subject to satisfaction of customary closing conditions.
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