Form 6-K - Report of foreign issuer [Rules 13a-16 and 15d-16]
September 29 2023 - 7:51AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF
FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR
15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of September 2023
Commission File Number: 001-41454
GigaCloud Technology Inc
118 Brea
Canyon Road
Walnut, CA 91789, USA
(Address of principal executive office)
Indicate by check mark whether
the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:
Form 20-F ☒ Form
40-F ☐
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.
Date: September 29, 2023
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GigaCloud Technology Inc |
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By: |
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/s/ Larry Lei Wu |
Name: |
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Larry Lei Wu |
Title: |
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Chairman of the Board of Directors and |
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Chief Executive Officer |
Exhibit 99.1
GigaCloud Technology Inc Responds to Short-Seller Report
WALNUT, Calif., September 29, 2023 (GLOBE NEWSWIRE) GigaCloud Technology Inc (Nasdaq: GCT) (GigaCloud or the Company), a
pioneer of global end-to-end B2B ecommerce solutions for large parcel merchandise, today issued the following statement in response to claims made in a report by Culper
Research, a short seller.
The report lacks merit and contains numerous defamatory, selective, inaccurate, incomplete and misleading statements and
speculations. The report demonstrates a fundamental lack of understanding of the Companys business and financial condition. The Company is reviewing the claims and considering appropriate courses of action to protect the interests of all of
its shareholders. As part of its commitment to transparency and compliance, the Company will make additional disclosures in due course consistent with the requirements of applicable rules and regulations of the U.S. Securities and Exchange
Commission (the Commission) and Nasdaq and ensure that relevant information is communicated to shareholders and the public in a timely and accurate manner.
Investors are cautioned that the claims come from a short seller. Therefore, investors shall exercise caution when considering these claims. Investors are
encouraged to review materials filed by the Company with the Commission and available on the Companys investor relations website. The Company reserves all rights to take appropriate measures to defend itself against these claims and safeguard
the interests of its shareholders.
About GigaCloud Technology Inc
GigaCloud Technology Inc is a pioneer of global end-to-end B2B ecommerce
solutions for large parcel merchandise. The Companys B2B ecommerce platform, which it refers to as the GigaCloud Marketplace, integrates everything from discovery, payments and logistics tools into one easy-to-use platform. The Companys 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. The Company offers a truly comprehensive solution that transports products from the manufacturers warehouse to the end customers 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 such as home appliances and fitness equipment. For more information, please visit the
Companys website: https://investors.gigacloudtech.com/.
Forward-Looking Statements
This press release contains 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 Companys 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 Companys registration statement and other filings with the SEC.
For investor and
media inquiries, please contact:
GigaCloud Technology Inc
Greta Tang, PR & IR Manager
Email:
greta.tang@gigacloudtech.com
ICR
Ryan Gardella
Email: GigacloudIR@icrinc.com
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