Company: GVH
Filing Date: 2025-07-01
Form Type: 6-K
Source: 0001213900-25-060374
Chunk: 2

Company: Globavend Holdings Ltd
Filing Date: 2025-07-01
Form: 6-K
Chunk 2
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 SEC on June 24, 2025. Pursuant to the
Securities Purchase Agreement, the Company has agreed not to (i) issue or enter into an agreement to issue any Ordinary Shares or Ordinary
Share Equivalents (as defined in the Securities Purchase Agreement), or (ii) file any registration statement or amendment or supplement
thereto, subject to certain exceptions, for a period of 60 days beginning on the date of the Securities Purchase Agreement. The Company
has also agreed not to enter into or effect any Variable Rate Transaction (as defined in the Securities Purchase Agreement) beginning
on the date of the Securities Purchase Agreement for a period of 90 days.

On June 25, 2025, the Company
entered into a placement agency agreement (the “Placement Agency Agreement”) with Univest Securities, LLC (the “Placement
Agent”), pursuant to which the Placement Agent acted as sole placement agent for the Offering and would receive at the closing of
the Offering a cash fee equal to 7% of the gross proceeds in the Offering, a non-accountable expenses allowance of 0.5% of the gross proceeds
of the Offering and reimbursement for legal fees and other out-of-pocket fees, costs and expenses in the amount of up to $125,000.

On June 26, 2025, the Company
issued a press release announcing the pricing of the Offering.

The Offering closed on June
27, 2025. The Company intends to use the net proceeds from the Offering to capital expenditures, operating capacity, working capital,
general corporate purposes, purchasing warehouses, registration and operation of our overseas business entities, branches and office and
potential mergers and acquisitions in the future. However, the management of the Company will have discretion in allocating the net proceeds
in accordance with the above priorities and purposes, which will depend upon numerous factors, including the progress of expansion and
development efforts, whether or not the Company enters into strategic transactions, general operating costs and expenditures, and the
changing needs of the Company’s business.

Copies of the (i) form of
Pre-Funded Warrant, (ii) form of Series A Warrant, (iii) form of Series B Warrant, (iv) form of Securities Purchase Agreement, (v) Placement
Agency Agreement, and (vi) press release on June 26, 2025 are attached hereto as Exhibits 4.1, 4.2, 4.3, 10.1, 10