GigaCloud Acquires New Classic Home Furnishings for $18 Million in Cash

GigaCloud Technology Inc has entered a definitive Share Purchase Agreement to acquire New Classic Home Furnishings for $18 million. The transaction will be funded from the company's existing cash on hand and is expected to close on January 2, 2026. The acquisition will expand GigaCloud's offerings in the home furnishings market and strengthen its position in the global B2B ecommerce platform. The Board of Directors has unanimously approved the transaction.