Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 6

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 6
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 outstanding) to the extent permitted by the Companies Act (as amended) without further approval of the shareholders. We are also seeking our shareholders approval to empower the Board to effect a reserve stock spilt of our Ordinary Shares with a ratio ranging from two Ordinary Shares to one Ordinary Shares to two hundred and fifty Ordinary Shares to one Ordinary Share (the “Reverse Stock Split”).

The number of Units offered in this prospectus and all other applicable information has been determined based on an assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Ordinary Shares on Nasdaq on [●], 2025. The actual number of Units sold in the Offering will be determined between us and Univest Securities, LLC (the “Underwriter”) at the time of pricing and may reflect a discount to the current market price for our Ordinary Shares. Therefore, the recent market price used throughout this preliminary prospectus as a basis for an assumed public offering price per Ordinary Unit may not be indicative of the final offering price.

Given
the relative lack of liquidity in our stock, sales of our 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