Company: GVH
Filing Date: 2025-05-23
Form Type: F-1
Source: 0001213900-25-046965
Chunk: 7

Company: Globavend Holdings Ltd
Filing Date: 2025-05-23
Form: F-1
Chunk 7
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 Offering for all of the Units have not occurred by such date. Any extensions or material changes to the terms of this Offering will be contained in an amendment to this prospectus. Given the relative lack of liquidity in our stock, sales of the Units under the registration statement of which this prospectus is a part could result in a significant decline in the market price of our securities. On August 16, 2024, we received a notice from Nasdaq that we were 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 Shares 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 had 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. On February 13, 2025, the Company received a letter from Nasdaq, indicating that the Company is granted an additional 180 calendar days, or until August 11, 2025, to regain compliance with the Minimum Bid Price Rule or be subject to delisting. In the event we do not regain compliance with the Minimum Bid Price Requirement by August 11, 2025, our Ordinary Shares will become subject to delisting. To cure the deficiency, we are seeking our shareholders’ approval to empower the Board to effect a Reserve Stock Spilt. We cannot assure you that our shareholders will approve such Reverse Stock Split. See “ The Offering — Nasdaq Deficiency Notice” and “ Risk Factors — Risks related to our Ordinary Shares — We have received a deficiency letter from Nasdaq relating to our 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.” in our Annual Report on Form 20 -F(the “Annual Report”) incorporated by reference in this prospectus. Investors are cautioned that you are buying shares of a Cayman Islands holding company with operations in Hong Kong by its operating subsidiary. Globavend Holdings is a holding company incorporated in the Cayman Islands with no material operations of its own, and we conduct our operations primarily in Hong Kong through our HK Subsidiaries (as defined below). References to the “Company,”