GigaCloud Technology Inc Increases Share Repurchase Program by $16 Million
GigaCloud Technology (Nasdaq: GCT) has expanded its share repurchase program with an additional $16 million authorization, increasing the total buyback capacity to $62 million from the previous $46 million. The program will run through August 28, 2025.
The company may execute these repurchases through various means, including open market transactions, privately negotiated deals, and block trades, in compliance with Rules 10b5-1 and 10b-18 of the Securities Exchange Act. The timing and volume of repurchases will be influenced by factors such as share price, trading volume, market conditions, working capital requirements, and general business conditions.
The buyback program will be funded from GigaCloud's existing cash balance and remains subject to periodic review by the board, who may modify, suspend, or terminate it at any time.
GigaCloud Technology (Nasdaq: GCT) ha ampliato il suo programma di riacquisto di azioni con un ulteriore 16 milioni di dollari di autorizzazione, aumentando la capacità totale di riacquisto a 62 milioni di dollari rispetto ai precedenti 46 milioni di dollari. Il programma sarà attivo fino al 28 agosto 2025.
L'azienda potrà eseguire questi riacquisti attraverso vari mezzi, inclusi transazioni sul mercato aperto, accordi negoziati privatamente e operazioni in blocco, in conformità con le Regole 10b5-1 e 10b-18 della Securities Exchange Act. Il momento e il volume dei riacquisti saranno influenzati da fattori quali il prezzo delle azioni, il volume degli scambi, le condizioni di mercato, i requisiti di capitale circolante e le condizioni generali di business.
Il programma di riacquisto sarà finanziato con il saldo di cassa esistente di GigaCloud e rimane soggetto a revisione periodica da parte del consiglio, che potrà modificarlo, sospenderlo o terminarlo in qualsiasi momento.
GigaCloud Technology (Nasdaq: GCT) ha ampliado su programa de recompra de acciones con una autorización adicional de 16 millones de dólares, aumentando la capacidad total de recompra a 62 millones de dólares desde los anteriores 46 millones de dólares. El programa estará vigente hasta el 28 de agosto de 2025.
La empresa podrá llevar a cabo estas recompras a través de diversos medios, incluyendo transacciones en el mercado abierto, acuerdos negociados de forma privada y operaciones en bloque, de acuerdo con las Reglas 10b5-1 y 10b-18 de la Ley de Bolsa de Valores. El momento y el volumen de las recompras se verán influenciados por factores como el precio de las acciones, el volumen de operaciones, las condiciones del mercado, los requisitos de capital de trabajo y las condiciones generales del negocio.
El programa de recompra se financiará con el saldo de efectivo existente de GigaCloud y seguirá sujeto a revisión periódica por parte de la junta, que podrá modificarlo, suspenderlo o terminarlo en cualquier momento.
기가클라우드 테크놀로지 (Nasdaq: GCT)는 주식 매입 프로그램을 추가 1,600만 달러의 승인으로 확장하여 총 매입 용량을 이전의 4,600만 달러에서 6,200만 달러로 증가시켰습니다. 이 프로그램은 2025년 8월 28일까지 진행됩니다.
회사는 공개 시장 거래, 비공식 협상 거래 및 블록 거래를 포함한 다양한 방법을 통해 이러한 매입을 실행할 수 있으며, 이는 증권 거래법의 10b5-1 및 10b-18 규정을 준수합니다. 매입의 시기와 양은 주가, 거래량, 시장 상황, 운전 자본 요구 사항 및 일반적인 사업 조건과 같은 요인의 영향을 받을 것입니다.
매입 프로그램은 기가클라우드의 기존 현금 잔고에서 자금을 지원받으며, 이사회에 의해 정기적으로 검토되며, 이사회는 언제든지 이를 수정, 중단 또는 종료할 수 있습니다.
GigaCloud Technology (Nasdaq: GCT) a élargi son programme de rachat d'actions avec une autorisation supplémentaire de 16 millions de dollars, augmentant la capacité totale de rachat à 62 millions de dollars contre les précédents 46 millions de dollars. Le programme sera en vigueur jusqu'au 28 août 2025.
L'entreprise peut réaliser ces rachats par divers moyens, y compris des transactions sur le marché ouvert, des accords négociés en privé et des transactions en bloc, conformément aux règles 10b5-1 et 10b-18 de la Securities Exchange Act. Le moment et le volume des rachats seront influencés par des facteurs tels que le prix des actions, le volume des échanges, les conditions du marché, les besoins en fonds de roulement et les conditions commerciales générales.
Le programme de rachat sera financé par le solde de trésorerie existant de GigaCloud et reste soumis à une révision périodique par le conseil d'administration, qui peut le modifier, le suspendre ou le résilier à tout moment.
GigaCloud Technology (Nasdaq: GCT) hat sein Aktienrückkaufprogramm mit einer zusätzlichen Genehmigung von 16 Millionen Dollar erweitert, wodurch die Gesamtrückkaufkapazität von zuvor 46 Millionen Dollar auf 62 Millionen Dollar erhöht wurde. Das Programm läuft bis zum 28. August 2025.
Das Unternehmen kann diese Rückkäufe durch verschiedene Mittel durchführen, einschließlich Transaktionen am offenen Markt, privat ausgehandelten Geschäften und Blockgeschäften, in Übereinstimmung mit den Regeln 10b5-1 und 10b-18 des Securities Exchange Act. Der Zeitpunkt und das Volumen der Rückkäufe werden von Faktoren wie dem Aktienkurs, dem Handelsvolumen, den Marktbedingungen, den Anforderungen an das Betriebskapital und den allgemeinen Geschäftszuständen beeinflusst.
Das Rückkaufprogramm wird aus dem bestehenden Bargeldbestand von GigaCloud finanziert und unterliegt einer regelmäßigen Überprüfung durch den Vorstand, der es jederzeit ändern, aussetzen oder beenden kann.
- Significant increase in buyback program by $16M to $62M total authorization
- Shows management's confidence in company's value and commitment to shareholder returns
- Company has sufficient cash balance to fund the program
- Buyback program reduces cash available for business operations and growth initiatives
- Program may be modified, suspended, or terminated at any time
EL MONTE, Calif., April 02, 2025 (GLOBE NEWSWIRE) -- GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the “Company”), a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise, today announced that on March 28, 2025, its Board of Directors approved an additional
Under the share repurchase program, the Company may purchase its ordinary shares through various means, including open market transactions, privately negotiated transactions, block trades, any combination thereof or other legally permissible means. The Company may effect repurchase transactions in compliance with Rule 10b5-1 and Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The number of shares repurchased and the timing of repurchases will depend on a number of factors, including, but not limited to, share price and trading volume, and general market conditions, along with the Company’s working capital requirements, general business conditions and other factors. The Company’s board of directors will review the share repurchase program periodically, and may modify, suspend or terminate the share repurchase program at any time. The Company plans to fund repurchases from its existing cash balance.
About GigaCloud Technology Inc
GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce technology solutions for large parcel merchandise. The Company’s B2B ecommerce platform, the “GigaCloud Marketplace,” integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Company’s global marketplace seamlessly connects manufacturers, primarily in Asia, with resellers, primarily in the U.S., Asia and Europe, to execute cross-border transactions with confidence, speed and efficiency. GigaCloud offers a comprehensive solution that transports products from the manufacturer’s warehouse to the end customer’s doorstep, all at one fixed price. The Company first launched its marketplace in January 2019 by focusing on the global furniture market and has since expanded into additional categories, including home appliances and fitness equipment. For more information, please visit the Company’s website: www.gigacloudtech.com.
Forward-Looking Statements
This press release may contain “forward-looking statements.” Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.
For investor and media inquiries, please contact:
GigaCloud Technology Inc
Investor Relations
Email: ir@gigacloudtech.com
PondelWilkinson, Inc.
Laurie Berman (Investors) – lberman@pondel.com
George Medici (Media) – gmedici@pondel.com
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