GigaCloud Technology Inc.

Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of purchasers of GigaCloud Technology Inc. (NASDAQ: GCT): (i) Class A ordinary shares pursuant and/or traceable to the registration statement and prospectus issued in connection with the Company’s August 2022 initial public offering (“IPO” or the “Offering”); and/or (ii) securities between August 18, 2022 and September 27, 2023, both dates inclusive (the “Class Period”). A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than December 4, 2023.

If you purchased GigaCloud securities during the Class Period and would like to join the action, please click “Join This Class Action.”

Class Period:Pursuant or traceable to the IPO and/or August 18, 2022 through September 27, 2023
If you purchased GigaCloud securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

Details of the case:

According to the lawsuit, defendants made false and/or misleading statements and/or failed to disclose that:

  • GigaCloud’s business is a fraction of what it publicly claims, as evidenced by staffing and activity levels at its warehouses;
  • GigaCloud overstated its last-mile operations;
  • GigaCloud engaged in undisclosed related party transactions;
  • that, as a result, GigaCloud’s financial results were overstated; and
  • as a result of the foregoing, GigaCloud’s positive statements about GigaCloud’s business, operations, and prospects were materially misleading and/or lacked a
    reasonable basis.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

Attorney Advertising. Prior results do not guarantee a similar outcome.

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Company Name: GigaCloud Technology Inc.
Stock Symbol: GCT
Class Period: Pursuant or traceable to the IPO and/or August 18, 2022 through September 27, 2023
Court: United States District Court Central District of California

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The Rosen Law Firm has been ranked among the top 4 law firms each year since 2013 for the number of successful securities class actions on behalf of investors. In 2019 alone, our firm recovered $438 million for investors.

Investors should carefully identify and select experienced counsel with a track record of success leading securities class actions. Often other firms issue press releases about class actions yet do not have comparable experience or resources.

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The Rosen Law Firm represents investors throughout the globe. Our mission is to prosecute securities fraud class actions and protect shareholders’ rights.

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