Core Viewpoint - Globavend Holdings Limited has successfully exercised all outstanding Series B Warrants, contributing $15 million in gross proceeds to strengthen its balance sheet and improve trading liquidity [1][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]. - Globavend provides integrated cross-border logistics services, including parcel drop-off, consolidation, air-freight forwarding, customs clearance, transportation, and final delivery [3]. Financial Impact - The exercise of Series B Warrants simplifies the company's capital structure and enhances its public float [2]. - The $15 million raised from the public offering is expected to strengthen the company's balance sheet [2].
Globavend's Outstanding Zero Price Exercise Warrants Have Been Fully Exercised