Company: GVH
Filing Date: 2025-04-15
Form Type: DRS
Source: 0001641172-25-004806
Chunk: 3

Company: Globavend Holdings Ltd
Filing Date: 2025-04-15
Form: DRS
Chunk 3
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 Warrants, the Series A Warrants and the Series B Warrants are collectively referred to as the “Warrants.” The Warrants will not be listed on Nasdaq and are not expected to trade in any market.

The Series A Warrants and the Series B Warrants will be immediately exercisable and will expire on the [●] anniversary of the original issuance date. Each Series A Warrant will have an initial exercise price per share equal to [●]% of the price per Ordinary Unit sold in this Offering. Each Series A Warrant will be reset immediately following the [●] ([●]th) trading day (the “Reset Date”) following the issuance date of the Series A Warrants to a price equal to [●]% of the arithmetic average of the sum of the three lowest per share VWAPs (as defined below) of the Ordinary Shares on Nasdaq for the [●] ([●]) trading days immediately prior to the Reset Date, provided that such price shall not be lower than 20% of the lower of the Nasdaq closing price or the average closing price for the five trading days immediately prior to the time the registration statement of which this prospectus forms a part is declared effective (the “Floor Price”). Each Series B Warrant will have an exercise price per share equal to [●]% of the price per Ordinary Unit sold in this Offering. “VWAP” means, with respect to any trading day, the price determined by the first of the following clauses that applies: (a) if the Ordinary Shares are then listed or quoted on Nasdaq or a similar trading market (a “Trading Market”), the daily volume weighted average price of the Ordinary Shares for such date (or the nearest preceding date) on the Trading Market on which the Ordinary Shares are then listed or quoted as reported by Bloomberg L.P. (based on a Trading Day from 9:30 a.m. (New York City time) to 4:02 p.m. (New York City time)), (b) if OTCQB or OTCQX is not a Trading Market, the volume weighted average price of the Ordinary Shares for such date (or the nearest preceding date) on OTCQB or OTCQX as applicable, (c) if the Ordinary Shares are not then listed or quoted for trading on OTCQB or OTCQX and if prices for the Ordinary Shares are then reported on the Pink Open Market (or a similar organization or agency succeeding to its functions of reporting prices), the most recent