GigaCloud Technology Inc has announced that its Board of Directors has approved a new share repurchase program. The company plans to buy back up to $46 million of its Class A ordinary shares over the next 12 months. The repurchases will occur through open market transactions, privately negotiated transactions, or block trades. The specific timing and amount of repurchases will be subject to market conditions and other factors. This new program follows the expiration of their previous $25 million repurchase program announced on June 14, 2023.
Names mentioned: - GigaCloud Technology Inc - Larry Lei Wu