GigaCloud Technology Inc Announces Completion of Independent Review
2023年11月14日 - 6:30AM
GigaCloud Technology Inc (Nasdaq: GCT) (“GigaCloud” or the
“Company”), a pioneer of global end-to-end B2B ecommerce solutions
for large parcel merchandise, provided an update on the status of
the previously announced independent review.
As previously disclosed, shortly after the short-seller firm
Culper Research published a report on the Company on September 28,
2023 (the “Short Seller Report”), the Company’s board of directors
authorized an independent review into certain claims raised in the
Short Seller Report (the “Independent Review”). The Independent
Review was conducted by the audit committee of Company’s board of
directors (the “Audit Committee”) with the assistance of
independent professional advisors, including White & Case LLP,
an international law firm as its legal advisor and FTI Consulting
(China) Limited (“FTI Consulting”), a forensic accounting expert
that is not related to the Company’s auditor. Under the
instructions of the Audit Committee, White & Case LLP and FTI
Consulting reviewed key allegations in the Short Seller Report for
the relevant time period as instructed by the Audit Committee.
The Independent Review within the instructed scope has now been
completed. Based on such Independent Review, the Audit Committee
has concluded that the reviewed claims in the Short Seller Report
were not substantiated.
About GigaCloud Technology Inc
GigaCloud Technology Inc is a pioneer of global end-to-end B2B
ecommerce solutions for large parcel merchandise. The Company’s 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 Company’s 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 manufacturer’s warehouse to the end customer’s
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 Company’s website:
https://investors.gigacloudtech.com/.
Safe Harbor Statement
This press release contains statements that may constitute
“forward-looking statements” pursuant to the “safe harbor”
provisions of the U.S. Private Securities Litigation Reform Act of
1995. 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 Company’s
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 Company’s annual report 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
Email: GigacloudIR@icrinc.com
GigaCloud Technology (NASDAQ:GCT)
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GigaCloud Technology (NASDAQ:GCT)
過去 株価チャート
から 5 2023 まで 5 2024