Company: GVH
Filing Date: 2025-06-10
Form Type: F-1/A
Source: 0001213900-25-052766
Chunk: 76

Company: Globavend Holdings Ltd
Filing Date: 2025-06-10
Form: F-1/A
Chunk 76
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 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 are considered intangible assets
as they relate to the offering of Ordinary 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 16,176,471 Ordinary Units in this Offering at an assumed public offering price of $1.36 per Ordinary Unit,
which is the closing price of our Ordinary Shares on Nasdaq on May 19, 2025 (assuming no issuance of any Pre-Funded Units, no exercise
of any Warrants and 100% of the securities offered in this Offering are sold), less the Placement Agent’s fees, non-accountable
expense allowance and other expenses of $778,231 for net proceeds of $19,091,769, our pro forma as adjusted net tangible book value as
of September 30, 2024 would have been $23,923,438 or $0.77 per Ordinary Share.

This represents an immediate
increase in the pro forma as adjusted net tangible book value per share of $0.45 to the existing stockholders and an immediate dilution
in pro forma as adjusted net tangible book value per share of $0.59 to new investors who purchase Units in the offering. The following
table illustrates this per share dilution to new investors:

| Assumed public offering price per Ordinary Unit                                                                                              |     | $ | 1.36 |
| Historical pro forma net tangible book value of our Ordinary Shares as of                                                                    
 September 30, 2024                                                                                                                           |     | $ | 0.32 |
| Increase in pro forma as adjusted net tangible book value per Ordinary Share attributable to new investors purchasing Units in this Offering |     | $ | 0.45 |
| Pro forma as adjusted net tangible book value per