Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against GigaCloud Technology Inc. (GCT)

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against GigaCloud Technology Inc. (GCT)

Grand News Network / November 6, 2023 4:30 PM

LOS ANGELES, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP ("GPM") reminds investors of the upcoming December 4, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of GigaCloud Technology Inc. ("GigaCloud" or the "Company") (NASDAQ:GCT) investors who purchased: (a) Class A ordinary shares pursuant and/or traceable to the registration statement and prospectus (collectively, the "Registration Statement") issued in connection with the Company's August 2022 initial public offering ("IPO" or the "Offering"); and/or (b) securities between August 18, 2022 and September 27, 2023, inclusive (the "Class Period").

If you suffered a loss on your GigaCloud investments or would like to inquire about potentially pursuing claims to recover your loss under the federal securities laws, you can submit your contact information at www.glancylaw.com/cases/GigaCloud-Technology-Inc/. You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at shareholders@glancylaw.com to learn more about your rights.

In August 2022, GigaCloud conducted its IPO, selling 3,381,000 Class A ordinary shares at $12.25 per share, receiving net proceeds of approximately $34.2 million.

On September 28, 2023, before the market opened, Culper Research published a report alleging "numerous glaring flaws" in GigaCloud's ...

Full story available on Benzinga.com


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