GigaCloud Technology Inc. announced on April 2, 2025, that its Board of Directors approved an additional $16 million to its Class A ordinary share repurchase program on March 28, 2025. This action brings the total authorization to $62 million, up from the previously authorized $46 million.
The expanded program runs through August 28, 2025, and allows the company to purchase shares through various means, including open market transactions and privately negotiated transactions.
This increase in the share repurchase authorization underscores GigaCloud’s commitment to disciplined capital allocation and enhancing shareholder value, with repurchases planned to be funded from existing cash balances.
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