GigaCloud Technology GCT Number Of Classes Of Shares Authorized
Number Of Classes Of Shares Authorized at other companies
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Where this comes from
Reported directly by GigaCloud Technology in its filing.
Tagged under the XBRL concept gct:NumberOfClassesOfSharesAuthorized.
The source filing: GigaCloud Technology’s 10-K, filed February 26, 2026.
- Filed
- Feb 26, 2026, 7:04 AM EST
- Fiscal year
- FY2025
- Accession
- 0001857816-26-000018
During the Group’s IPO, our Board of Directors authorized two classes of shares, Class A and Class B ordinary shares at $0.05 par value per share. The rights of the holders of Class A and Class B ordinary shares are identical, except with respect to voting and conversion. Each share of Class A ordinary shares is entitled to one vote per share. Each share of Class B ordinary shares is entitled to 10 votes. Shares of Class B ordinary shares may be converted at any time at the option of the shareholder to Class A ordinary shares. Class A ordinary shares may not be converted to Class B ordinary shares. Class B ordinary shares are held only by our founder and chief executive officer Mr. Larry Lei Wu and his vehicles. In the three years ended December 31, 2025, 2024 and 2023, 800,000, 1,250,000, and nil Class B ordinary shares were converted into equivalent number of Class A ordinary shares, respectively.
Item 8. Financial Statements and Supplementary Data
FAQ
- What is GigaCloud Technology's number of classes of shares authorized?
- GigaCloud Technology (GCT) reported number of classes of shares authorized of 2 in Q3 2022.
- What does number of classes of shares authorized mean?
- The total number of distinct share classes the company is legally permitted to issue under its corporate charter. This provides insight into the company's capital structure and potential for differential voting rights or equity distribution.
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