$GVH

Globavend Holdings Limited has successfully closed a $1.4 million registered direct offering, selling 889,359 ordinary shares or pre-funded warrants at an effective price of $1.60 per share. This capital raise, facilitated by Univest Securities, LLC, aims to support the e-commerce logistics provider's continued growth and address potential cash burn concerns, despite their current stock trading below the offering price. The company, which provides end-to-end logistics solutions primarily in Hong Kong, Australia, and New Zealand, maintains a healthy current ratio, suggesting strong liquidity.