Globavend prices $1.4 million public offering at $1.60 per share

Globavend Holdings Limited (NASDAQ: GVH) announced the pricing of a public offering expected to generate gross proceeds of approximately $1.4 million before fees and expenses.

The e-commerce logistics provider said the offering consists of 889,359 ordinary shares or pre-funded warrants to purchase ordinary shares at an effective price of $1.60 per share.

The company plans to use net proceeds for working capital and general corporate purposes, according to the announcement. The offering is scheduled to close on January 2, 2026.

Univest Securities, LLC is serving as the sole placement agent for the transaction.

The securities are being offered under a registration statement on Form F-3 previously filed with and declared effective by the Securities and Exchange Commission.

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