GigaCloud Technology Responds To Short-Seller Report By Grizzly Research LLC; Says Report Lacks Merit And Contains Numerous Defamatory, Selective, Inaccurate, Incomplete And Misleading Statements
Portfolio Pulse from Benzinga Newsdesk
GigaCloud Technology has responded to a short-seller report by Grizzly Research LLC, stating that the report lacks merit and contains numerous defamatory, selective, inaccurate, incomplete, and misleading statements.
May 23, 2024 | 10:19 am
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GigaCloud Technology has issued a response to a short-seller report by Grizzly Research LLC, claiming the report is defamatory and misleading.
The company's strong rebuttal to the short-seller report may neutralize immediate negative impacts on the stock price. However, investor sentiment could remain cautious until further clarity is provided.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100