Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 65

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 65
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 by approximately $[●], assuming no change in the assumed public offering price per Ordinary Unit and after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us and assuming no issuance of any Pre-Funded Units and no exercise of any Warrants. Each [●] Ordinary Units increase (decrease) in the number of Ordinary Units offered by us in this Offering would increase (decrease) the pro forma as adjusted amount of each of cash and cash equivalents by approximately $[●] and increase (decrease) shareholders’ equity by approximately $[●], assuming no change in the assumed public offering price per Ordinary Unit and after deducting the estimated underwriting discounts and commissions and estimated offering expenses payable by us and assuming no issuance of any Pre-Funded Units and no exercise of any Warrants.

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<div align='center'>DILUTION</div>

Purchasers of our Units in this Offering will experience an immediate and substantial dilution in the pro forma net tangible book value of their shares of Ordinary Shares. Dilution in pro forma net tangible book value represents the difference between the public offering price per share and the pro forma net tangible book value per share of our Ordinary Shares immediately after the Offering.

The historical net tangible book value of our Ordinary Shares as of September 30, 2024 was $4,795,240 or $0.32 per share. Historical net tangible book value per share of our Ordinary Shares represents our total tangible assets (total assets less intangible assets) less total liabilities divided by the number of shares of Ordinary Shares outstanding as of that date. The deferred costs of $374,286 is considered as intangible assets as it relates to the offering of shares of the Company. The historical pro forma net tangible book value of our Ordinary Shares as of September 30, 2024 after giving effect to the sale of the sale of 47,776 Ordinary Shares to Square Gate Master Fund, LLC – Series 1 as true-up shares on November 7, 2024 is also $0.32.

After giving further effect to the sale of a total of [●] Ordinary Units in this Offering at an assumed public offering price of $[●] per Ordinary Unit, which is the closing price of our Ordinary Shares on Nasdaq on [●], 2025 (assuming no issuance of any Pre-Funded Units and no exercise of any Warrants and 100% of the securities offered in this Offering are sold), less underwriting discounts, commissions and other expenses