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$GVH $1.33 +19.81% - Company Overview "Leading the Charge in E-commerce Logistics Globavend Holdings Redefines Seamless Cross-Border Solutions!" https://axecapitalusa.com/gvh/
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$GVH $1.30 +11.11% Globavend Nasdaq: GVH https://www.einpresswire.com/article/696719466/effortless-and-debt-free-e-commerce-logistics-provider-serving-the-lucrative-asia-pacific-market-globavend-nasdaq-gvh via @ein_news
$GVH Globavend Holdings - CEO Wai Yiu Yau, "This equity line facility provides Globavend with a viable long-term platform to grow its existing operations, expand its e-commerce logistics services into different verticals of the logistics supply chain."
https://www.wsj.com/articles/globavend-holdings-limited-enters-into-a-us-20-000-000-equity-line-of-credit-facility-to-be-registered-on-form-f-1-44a21f4f?reflink=mw_share_twitter
$GVH Globavend , NeoVolta, Ceasarstone among industrial movers. https://marketchameleon.com/Financial-News/NKLA/15502010/4088991-globavend-neovolta-caesarstone-among-industrial-movers?utm_source=marketchameleon.com&utm_medium=referral&feed_item_type=news
$GVH Experienced, Well Partnered, Effortless and Debt Free e-Commerce Logistics Provider Serving the Lucrative Asia- Pacific Market: Globavend Holdings Limited (Nasdaq: GVH) $MSFT $AMD @Nasdaq https://www.benzinga.com/pressreleases/24/03/ab37795054/experienced-well-partnered-effortless-and-debt-free-e-commerce-logistics-provider-serving-the-luc via @Benzinga
$GVH $1.83 +26.21% Globavend Holdings Limited (NASDAQ:GVH) Growth in 2024: With plans to establish ground transportation and customs clearance teams, we are poised to capture a significant market share.
https://axecapitalusa.com/gvh/
$GVH In the last 12 months, GVH had revenue of $18.59 million and earned $1.08 million in profits. Earnings per share was $0.08.
$GVH $1.74 +67.31% Great close to this week! https://axecapitalusa.com/gvh/
$GVH $1.46 +40.38% Bullish move today on huge volume. Looking forward to next week!
$GVH $1.17 +12.50% resilient @nasdaq headed back to $1.50+
https://axecapitalusa.com/gvh/
$GVH $1.15 Globavend Holdings Limited (NASDAQ:GVH), Strategic Expansion: With plans to establish ground transportation and customs clearance teams, we are poised to capture a significant market share. https://axecapitalusa.com/gvh/
$GVH presents a compelling investment opportunity for those seeking exposure to the dynamic e-commerce logistics sector https://axecapitalusa.com/gvh/
$GVH Globavend Nasdaq: GVH https://www.einpresswire.com/article/696719466/effortless-and-debt-free-e-commerce-logistics-provider-serving-the-lucrative-asia-pacific-market-globavend-nasdaq-gvh via @ein_news
$GVH $1.50 +1.69% nice and green day here thus far!
$GVH $1.46 New HOD On ASK AT $1.51 #Trending #nasdaqs
$GVH @Nasdaq huge potential! With its market leadership, experienced leadership team, innovative solutions, strong financial performance, GVH presents a compelling investment opportunity for those seeking exposure to the dynamic e-commerce logistics sector https://axecapitalusa.com/gvh/
$GVH $1.50 +42.86% Experience Effortless E-commerce Shipping: Globavend Holdings Limited (NASDAQ:GVH) Tailored Solutions from Hong Kong to Your Doorstep in Australia & New Zealand! https://axecapitalusa.com/gvh/
$GVH $1.28 +21.98% HOD $1.43 Trending higher on this #shortsqueeze.
$GVH @nasdaq $1.17 +10.38% Huge day after Globavend Holdings Limited announced GVH Enters Into a US $20,000,000 Equity Line of Credit Facility to be Registered on Form F-1 https://finance.yahoo.com/news/globavend-holdings-limited-enters-us-074200855.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance #premarket #news #funding
$GVH 1.1141 +6.10% HOD $1.14 Huge open on #GVH
$GVH Great close at $1.05 +7.25% HOD solid volume today #bullish
$GVH -Experience Effortless E-commerce Shipping: Globavend Holdings Limited (NASDAQ:GVH) Tailored Solutions from Hong Kong to Your Doorstep in Australia & New Zealand! https://axecapitalusa.com/gvh/
$GVH 1.02 +1.49% Strong Open on NEWS! #bullish @nasdaq
$GVH News: Globavend Holdings Limited Enters Into a US$20,000,000 Equity Line of Credit Facility to be Registered on Form F-1
PERTH, AUSTRALIA, March 18, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, is pleased to announce that it has entered into a US$20,000,000 equity purchase agreement (the “Equity Purchase Agreement”) with Square Gate Capital Master Fund, LLC – Series 1 (“Square Gate”), as well as a registration rights agreement (“Registration Right Agreement”) related thereto. Pursuant to the terms of the Registration Rights Agreement, the Company will register the Company’s ordinary shares (the “Shares”) issuable to Square Gate under the Equity Purchase Agreement for public resale.
Globavend will have the right, but not the obligation, to sell to Square Gate up to US$20,000,000 worth of its Shares at Globavend’s sole discretion over the next 36 months, subject to certain conditions precedent and other limitations. Square Gate will have the obligation to purchase the Shares a price determined in accordance with certain formulas set forth in the Equity Purchase Agreement and subject to certain dollar caps.
Wai Yiu Yau, CEO of Globavend stated “This equity line facility provides Globavend with a viable long-term platform to grow its existing operations, expand its e-commerce logistics services into different verticals of the logistics supply chain, enhance its business presence in Australia, New Zealand and Hong Kong, and capitalize on other potential business opportunities. We are always mindful of the best interests of our shareholders and are committed to deliver solid financial performance for the company in 2024 and beyond.”
About Globavend Holdings Limited
Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solution in Hong Kong, Australia and New Zealand. The Company’s customers are primarily enterprise customers, being e-commerce merchants, or operators of e-commerce platforms, in providing business-to-consumer (B2C) transactions. As an e-commerce logistics provider, the Company provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where it provides customers with a one-stop solution, from pre-carriage parcel drop off to parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation and delivery.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to the Company’s proposed transaction and the future potential of the Company. Words such as “will,” future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions and no assurance can be given that the proposed transaction discussed above will be completed on the terms described or achieve the objectives contemplated. Our ability to utilize the financing platform effectively and successfully are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, the failure of customary conditions precedent and the risk factors and other matters set forth in our annual report on Form 20-F. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
For investor and media inquiries, please contact:
Company Info:
Globavend Holdings Limited
Wai Yiu Yau, Chairman and CEO
project@globavend.com 61 08 6141 3263
https://www.globenewswire.com/newsroom/ti?nf=OTA2NDkzNiM2MTQwMDkzIzUwMDExOTk3MQ==
https://ml.globenewswire.com/media/MjM0ZWI4MTEtYjI1Zi00ZTg5LTgzZDktOGQ3YjYzMDNmNWFmLTUwMDExOTk3MQ==/tiny/Globavend-Holdings-Limited.png
Source: Globavend Holdings Limited
News: Globavend Holdings Limited (Nasdaq: GVH) Enters Into a US$20,000,000 Equity Line of Credit Facility to be Registered on Form F-1
MAR 18, 2024 3:42AM EDT
PERTH, AUSTRALIA, March 18, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, is pleased to announce that it has entered into a US$20,000,000 equity purchase agreement (the “Equity Purchase Agreement”) with Square Gate Capital Master Fund, LLC – Series 1 (“Square Gate”), as well as a registration rights agreement (“Registration Right Agreement”) related thereto. Pursuant to the terms of the Registration Rights Agreement, the Company will register the Company’s ordinary shares (the “Shares”) issuable to Square Gate under the Equity Purchase Agreement for public resale.
Globavend will have the right, but not the obligation, to sell to Square Gate up to US$20,000,000 worth of its Shares at Globavend’s sole discretion over the next 36 months, subject to certain conditions precedent and other limitations. Square Gate will have the obligation to purchase the Shares a price determined in accordance with certain formulas set forth in the Equity Purchase Agreement and subject to certain dollar caps.
Wai Yiu Yau, CEO of Globavend stated “This equity line facility provides Globavend with a viable long-term platform to grow its existing operations, expand its e-commerce logistics services into different verticals of the logistics supply chain, enhance its business presence in Australia, New Zealand and Hong Kong, and capitalize on other potential business opportunities. We are always mindful of the best interests of our shareholders and are committed to deliver solid financial performance for the company in 2024 and beyond.”
About Globavend Holdings Limited
Globavend Holdings Limited is an emerging e-commerce logistics provider offering end-to-end logistics solution in Hong Kong, Australia and New Zealand. The Company’s customers are primarily enterprise customers, being e-commerce merchants, or operators of e-commerce platforms, in providing business-to-consumer (B2C) transactions. As an e-commerce logistics provider, the Company provides integrated cross-border logistics services from Hong Kong to Australia and New Zealand, where it provides customers with a one-stop solution, from pre-carriage parcel drop off to parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation and delivery.
Forward-Looking Statements
This press release contains certain forward-looking statements, including statements with regard to the Company’s proposed transaction and the future potential of the Company. Words such as “will,” future,” “expects,” “believes,” and “intends,” or similar expressions, are intended to identify forward-looking statements. Forward-looking statements are subject to inherent uncertainties in predicting future results and conditions and no assurance can be given that the proposed transaction discussed above will be completed on the terms described or achieve the objectives contemplated. Our ability to utilize the financing platform effectively and successfully are subject to numerous factors, many of which are beyond the control of the Company, including, without limitation, the failure of customary conditions precedent and the risk factors and other matters set forth in our annual report on Form 20-F. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required by law.
For investor and media inquiries, please contact:Company Info:Globavend Holdings LimitedWai Yiu Yau, Chairman and CEOproject@globavend.com 61 08 6141 3263
Source: Globavend Holdings Limited
Link:
https://www.nasdaq.com/press-release/globavend-holdings-limited-enters-into-a-us%2420000000-equity-line-of-credit-facility
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