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Why Is GigaCloud Technology Stock Soaring Friday?

GigaCloud Technology, Inc. will acquire New Classic Home Furnishing, Inc. for $18 million to strengthen its position in the NA market.

GigaCloud Technology, Inc. (NASDAQ:GCT) announced on Friday that it will acquire New Classic Home Furnishing, Inc., a U.S.-based furniture distributor, as part of its strategy to strengthen its position in the North American furniture market.
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Source: Benzinga | Published: 2025-10-24T14:32:18Z

Credit: Benzinga

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