Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 42

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 42
---
 non-compliance with Nasdaq’s continued listing requirements and our Ordinary Shares could become subject
to delisting from Nasdaq if we fail to regain compliance.

On August 16, 2024,
we received a notice from Nasdaq that we are not in compliance with Nasdaq’s minimum bid price requirement under Nasdaq Listing
Rule 5550(a)(2) as the minimum bid price of our ordinary share had been below $1.00 per share for 30 consecutive business days (the “ Minimum
Bid Price Requirement”). Pursuant to Nasdaq Listing Rule 5810(c)(3)(A), we have until February 12, 2025 to regain compliance with
the Minimum Bid Price Requirement. To regain compliance, the minimum bid price of our Ordinary Shares must meet or exceed $1.00 per share
for a minimum of ten consecutive business days during this grace period. In the event we do not regain compliance with the Minimum Bid
Price Requirement by February 12, 2025, we may be eligible for an additional 180-calendar day compliance period. If we do not regain
compliance with the Minimum Bid Price Requirement by the end of the compliance period (or the second compliance period, if applicable),
our Ordinary Shares will become subject to delisting. In the event that we receive notice that our Ordinary Shares is being delisted,
the Nasdaq listing rules permit us to appeal a delisting determination by Nasdaq to a hearings panel.

We intend to actively
monitor the closing bid price for its Ordinary Shares and will consider available options to resolve the deficiency and regain compliance
with the Minimum Bid Price Requirement. However, there can be no assurance that the Company will be able to regain compliance with the
Minimum Bid Price Requirement.

If an active trading market does
not develop, you may not be able to resell our Ordinary Shares at any reasonable price.

An active trading
market may not develop or, if developed, may not be sustained for the trading of our Ordinary Shares. The lack of an active market may
impair your ability to sell your Ordinary Shares at the time you wish to sell them or at a price that you consider reasonable. An inactive
market may also impair our ability to raise capital by selling Ordinary Shares and may impair our ability to acquire other companies
by using our Ordinary Shares as consideration.

The trading price of our Ordinary
Shares could be subject to rapid and substantial volatility.

There have been instances
of extreme stock price run-ups followed by rapid price declines and strong stock price volatility with