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] - Globavend delivers integrated cross-border logistics services, including pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery [3] Compliance and Listing Status - On February 13, 2025, Nasdaq granted Globavend an additional 180 calendar days, until August 11, 2025, to regain compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market [1] - If compliance is not regained by the deadline, Nasdaq will issue a delisting determination, which the company may appeal [2] - The company intends to monitor the closing bid price of its Ordinary Shares and may consider options such as a reverse stock split to regain compliance [2]
Globavend (Nasdaq: GVH) Granted Second Grace Period by Nasdaq for Minimum Bid Price Compliance