# GigaCloud Technology Inc (GCT) — capital_return/buyback_authorization [announced]
Source: SEC API (secapi.ai) · situation sit_9e8835b1e4efb81ee298 · retrieved 2026-08-12T07:20:20.008Z

## Overview
GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, operating a B2B ecommerce platform that integrates discovery, payments, and logistics tools to connect manufacturers primarily in Asia with resellers primarily in the U.S., Asia, and Europe.

On August 5, 2026, GigaCloud Technology Inc's Board of Directors approved a new $120.0 million share repurchase program (the "2026 Program"), effective August 6, 2026, for a three-year period. The program authorizes the repurchase of the Company's Class A ordinary shares through various means, including open market transactions, privately negotiated transactions, and block trades, in compliance with Rules 10b5-1 and 10b-18 of the Securities Exchange Act. The prior $111.0 million share repurchase program approved in August 2025 (the "2025 Program") was terminated effective immediately, with approximately $29.6 million remaining unutilized under that plan.

## Terms
- Deal value: $120.0M · Consideration: cash

## Key dates
- Announced 2026-08-06 · Expiry 2029-08-06

## Timeline
- 2026-08-06 · 8-K (0001857816-26-000072): 8-K - GigaCloud Technology Inc — *GigaCloud Technology Inc is a pioneer of global end-to-end B2B technology solutions for large parcel merchandise, operating a B2B ecommerce platform that integrates discovery, payments, and logistics tools to connect manufacturers primarily in Asia with resellers primarily in the U.S., Asia, and Europe.* On August 5, 2026, GigaCloud Technology Inc's Board of Directors approved a new $120.0 million share repurchase program (the "2026 Program"), effective August 6, 2026, for a three-year period. The program authorizes the repurchase of the Company's Class A ordinary shares through various means, including open market transactions, privately negotiated transactions, and block trades, in compliance with Rules 10b5-1 and 10b-18 of the Securities Exchange Act. The prior $111.0 million share repurchase program approved in August 2025 (the "2025 Program") was terminated effective immediately, with approximately $29.6 million remaining unutilized under that plan.
  https://www.sec.gov/Archives/edgar/data/1857816/0001857816-26-000072.txt

## Citations
- 0001857816-26-000072 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000185781626000072