SC 13G/A: GigaCloud Technology Inc
Ticker: GCT · Form: SC 13G/A · Filed: Oct 18, 2024 · CIK: 1857816
| Field | Detail |
|---|---|
| Company | Gigacloud Technology INC (GCT) |
| Form Type | SC 13G/A |
| Filed Date | Oct 18, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $0.05 |
| Sentiment | neutral |
Sentiment: neutral
Topics: sc-13g-a
AI Summary
SC 13G/A filing by GigaCloud Technology Inc.
Risk Assessment
Risk Level: low
FAQ
What type of filing is this?
This is a SC 13G/A filing submitted by Gigacloud Technology INC (ticker: GCT) to the SEC on Oct 18, 2024.
What is the risk level of this SC 13G/A filing?
This filing has been assessed as low risk.
What are the key financial figures in this filing?
Key dollar amounts include: $0.05 (Class A Ordinary Shares, par value US$0.05 per share (Title of Class of Securiti).
How long is this filing?
Gigacloud Technology INC's SC 13G/A filing is 5 pages with approximately 1,590 words. Estimated reading time is 6 minutes.
Where can I view the full SC 13G/A filing?
The complete filing is available on SEC EDGAR. You can also read the AI-decoded analysis with risk assessment and key highlights on ReadTheFiling.
Filing Stats: 1,590 words · 6 min read · ~5 pages · Grade level 6.8 · Accepted 2024-10-18 06:04:26
Key Financial Figures
- $0.05 — Class A Ordinary Shares, par value US$0.05 per share (Title of Class of Securiti
Filing Documents
- schedule13ga.htm (SC 13G/A) — 108KB
- schedule13ga-exhibita.htm (EX-99.A) — 8KB
- 0001962329-24-000004.txt ( ) — 117KB
(a). Name of Issuer
Item 1(a). Name of Issuer GigaCloud Technology Inc
(b). Address of Issuer's Principal Executive Offices
Item 1(b). Address of Issuer's Principal Executive Offices 4388 Shirley Avenue, El Monte, CA 91731, U.S.A.
(a). Name of Person Filing
Item 2(a). Name of Person Filing Lei Wu ("Mr. Wu") Shan Lao Hu Tong LLC Ji Xiang Hu Tong Holdings Limited TALENT BOOM GROUP LIMITED
(b). Address or Principal Business Office or, if None, Residence
Item 2(b). Address or Principal Business Office or, if None, Residence Mr. Wu's principal business office is located at 4388 Shirley Avenue, El Monte, CA 91731, U.S.A. The registered address of Shan Lao Hu Tong LLC is 651 N. Broad St., Suite 206, Middletown, DE 19709, Delaware, U.S.A. The registered address of Ji Xiang Hu Tong Holdings Limited and TALENT BOOM GROUP LIMITED is Vistra Corporate Services Centre, Wickhams Cay II, Road Town, Tortola, VG1110, British Virgin Islands.
(c). Citizenship
Item 2(c). Citizenship Lei Wu – Hong Kong Shan Lao Hu Tong LLC - Delaware Ji Xiang Hu Tong Holdings Limited – British Virgin Islands TALENT BOOM GROUP LIMITED - British Virgin Islands
(d). Title of Class of Securities
Item 2(d). Title of Class of Securities Class A ordinary shares, par value US$0.05 per share ("Class A Ordinary Shares").
(e). CUSIP Number
Item 2(e). CUSIP Number G38644 103.
If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a
Item 3. If this statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c), check whether the person filing is a (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o) (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c) (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c) (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8) (e) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E) (f) An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F) (g) A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G) (h) A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813) CUSIP No. G38644 103 SCHEDULE 13GA Page 6 of 9 (i) A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3) (j) A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J) (k) Group, in accordance with Rule 13d-1(b)(1)(ii)(K). Not applicable.
Ownership
Item 4. Ownership. (a) to (c) The ownership information as of September 30, 2024 presented below represents beneficial ownership of the Issuer's Class A Ordinary Shares, based upon 33,286,162 Class A Ordinary Shares, par value $0.05 per share, issued and outstanding as of June 30, 2024, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed with the U.S. Securities and Exchange Commission on August 6, 2024. Number of shares as to which the person has Reporting Person Amount beneficially owned Percent of class Sole power to vote or to direct the vote Shared power to vote or to direct the vote Sole power to dispose or to direct the disposition of Shared power to dispose or to direct the disposition of Lei Wu 8,176,732 19.8% 8,176,732 0 8,176,732 0 Shan Lao Hu Tong LLC 8,176,732 19.8% 8,176,732 0 8,176,732 0 Ji Xiang Hu Tong Holdings Limited 8,176,732 19.8% 8,176,732 0 8,176,732 0 As of September 30, 2024, Mr. Wu's beneficial ownership included (i) 100,000 Class A ordinary shares, par value of US$0.05 per share, of the Issuer ("Class A Ordinary Shares") held of record by Ji Xiang Hu Tong Holdings limited, and (ii) 8,076,732 Class B ordinary shares, par value of US$0.05 per share, of the Issuer ("Class B Ordinary Shares") held of record by Ji Xiang Hu Tong Holdings Limited. Mr. Wu is the sole member and sole manager of a limited liability company, Shan Lao Hu Tong LLC, that is the sole shareholder of Ji Xiang Hu Tong Holdings Limited. As a result of these relationships, Mr. Wu may be deemed to be the beneficial owner of the securities held of record by Ji Xiang Hu Tong Holdings Limited. The Class B Ordinary Shares are convertible at any time at the option of the holder into an equal number of Class A Ordinary Shares.
Ownership of Five Percent or Less of a Class
Item 5. Ownership of Five Percent or Less of a Class. As of the date hereof, TALENT BOOM GROUP LIMITED, a company controlled by Mr. Wu, has ceased to be the beneficial owner of more than five percent of the class of securities.
Ownership of More than Five Percent on Behalf of Another Person
Item 6. Ownership of More than Five Percent on Behalf of Another Person. Not applicable. CUSIP No. G38644 103 SCHEDULE 13GA Page 7 of 9 Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. Not applicable.
Identification and Classification of Members of the Group
Item 8. Identification and Classification of Members of the Group. Not applicable.
Notice of Dissolution of Group
Item 9. Notice of Dissolution of Group. Not applicable.
Certifications
Item 10. Certifications. Not applicable. CUSIP No. G38644 103 SCHEDULE 13GA Page 8 of 9 SIGNATURE After reasonable inquiry and to the best of the undersigned's knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Date October 18, 2024 s Lei Wu Lei Wu SHAN LAO HU TONG LLC By s Lei Wu Name Lei Wu Title Member Ji Xiang Hu Tong Holdings Limited By s Lei Wu Name Lei Wu Title Director TALENT BOOM GROUP LIMITED By s Lei Wu Name Lei Wu Title Director Signature Page to Schedule 13G CUSIP No. G38644 103 SCHEDULE 13GA Page 9 of 9 LIST OF EXHIBITS Exhibit No. Description A Joint Filing Agreement