Core Viewpoint - Globavend Holdings Limited has received a notice from Nasdaq regarding non-compliance with the minimum bid price requirement for its ordinary shares, but the listing remains unaffected for now [1][2]. Group 1: Compliance and Listing Status - The company is currently not in compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market [1]. - The company has a compliance deadline of 180 days, until February 12, 2025, to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days [1]. - The notice does not have an immediate effect on the trading of the company's ordinary shares, which continue to trade under the symbol "GVH" [2]. Group 2: Company Overview - Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solutions in Hong Kong, Australia, and New Zealand [3]. - The company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions [3]. - The logistics services provided include pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery [3].
Globavend Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency