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GigaCloud Technology | 8-K: GigaCloud Technology Inc Announces $46 Million Share Repurchase Program

GigaCloud Technology | 8-K: GigaCloud Technology Inc Announces $46 Million Share Repurchase Program

大健雲倉 | 8-K：大健雲倉宣佈4600萬美元股票回購計劃
美股SEC公告 ·  2024/09/03 04:21

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GigaCloud Technology's board has approved a new $46 million share repurchase program of its Class A ordinary shares over the next 12 months, following the expiration of its previous $25 million program announced in June 2023. The company plans to execute purchases through various means including open market transactions and block trades, in compliance with SEC regulations.The company's strong financial position supports this initiative, with over $200 million in cash, cash equivalents and liquid investments, no external debt, and positive operating cash flows. In FY2023, GigaCloud generated $133.5 million from operating activities, used $86.6 million for strategic acquisitions, and ended with $46.9 million unspent.CEO Larry Wu expressed confidence in the company's long-term growth potential, particularly in digitalizing the global supply chain for large parcel merchandise, despite near-term economic headwinds. The company plans to implement a 10b5-1 plan for share repurchases after the current quarter, subject to market conditions.
GigaCloud Technology's board has approved a new $46 million share repurchase program of its Class A ordinary shares over the next 12 months, following the expiration of its previous $25 million program announced in June 2023. The company plans to execute purchases through various means including open market transactions and block trades, in compliance with SEC regulations.The company's strong financial position supports this initiative, with over $200 million in cash, cash equivalents and liquid investments, no external debt, and positive operating cash flows. In FY2023, GigaCloud generated $133.5 million from operating activities, used $86.6 million for strategic acquisitions, and ended with $46.9 million unspent.CEO Larry Wu expressed confidence in the company's long-term growth potential, particularly in digitalizing the global supply chain for large parcel merchandise, despite near-term economic headwinds. The company plans to implement a 10b5-1 plan for share repurchases after the current quarter, subject to market conditions.
大健雲倉的董事會批准了一項新的4600萬美元的股票回購計劃，計劃在未來12個月內回購其A類普通股，此前在2023年6月宣佈的2500萬美元回購計劃已到期。公司計劃通過包括公開市場交易和大宗交易等多種方式執行回購，遵守SEC的規定。公司的強勁財務狀況支持這一舉措，擁有超過20000萬美元的現金、現金等價物和流動投資，沒有外部債務，並且擁有正向的經營現金流。在2023財年，大健雲倉從經營活動中產生了13350萬美元，使用了8660萬美元用於戰略收購，並以4690萬美元的未支出資金結束。首席執行官Larry Wu對公司的長期增長潛力表示信心，特別是在數字化全球大型包裹商品的供應鏈方面，儘管近期面臨經濟逆風。公司計劃在當前季度結束後，根據市場狀況實施一項10b5-1計劃進行股票回購。
大健雲倉的董事會批准了一項新的4600萬美元的股票回購計劃，計劃在未來12個月內回購其A類普通股，此前在2023年6月宣佈的2500萬美元回購計劃已到期。公司計劃通過包括公開市場交易和大宗交易等多種方式執行回購，遵守SEC的規定。公司的強勁財務狀況支持這一舉措，擁有超過20000萬美元的現金、現金等價物和流動投資，沒有外部債務，並且擁有正向的經營現金流。在2023財年，大健雲倉從經營活動中產生了13350萬美元，使用了8660萬美元用於戰略收購，並以4690萬美元的未支出資金結束。首席執行官Larry Wu對公司的長期增長潛力表示信心，特別是在數字化全球大型包裹商品的供應鏈方面，儘管近期面臨經濟逆風。公司計劃在當前季度結束後，根據市場狀況實施一項10b5-1計劃進行股票回購。
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