Globavend (Nasdaq: GVH) Granted Second Grace Period by Nasdaq for Minimum Bid Price Compliance
Globavend Holdings (Nasdaq: GVH) has received a second grace period from Nasdaq to meet the minimum bid price requirement of $1.00 for continued listing on the Nasdaq Capital Market. The company now has until August 11, 2025, to regain compliance.
If Globavend fails to meet this requirement by the deadline, Nasdaq will issue a delisting determination, though the company will have the option to appeal to a Nasdaq hearings panel. The company is monitoring its share price and considering potential solutions, including a possible reverse stock split, to maintain its listing status.
Globavend Holdings (Nasdaq: GVH) ha ricevuto un secondo periodo di grazia da Nasdaq per soddisfare il requisito del prezzo minimo di offerta di $1,00 per la continuazione della quotazione sul Nasdaq Capital Market. L'azienda ha ora tempo fino al 11 agosto 2025 per ripristinare la conformit脿.
Se Globavend non soddisfer脿 questo requisito entro la scadenza, Nasdaq emetter脿 una determinazione di delisting, sebbene l'azienda avr脿 l'opzione di fare appello a un pannello di udienze di Nasdaq. L'azienda sta monitorando il prezzo delle sue azioni e considerando soluzioni potenziali, inclusa una possibile frazionamento azionario inverso, per mantenere il suo stato di quotazione.
Globavend Holdings (Nasdaq: GVH) ha recibido un segundo per铆odo de gracia de Nasdaq para cumplir con el requisito de precio m铆nimo de oferta de $1.00 para mantener su cotizaci贸n en el Nasdaq Capital Market. La empresa ahora tiene hasta el 11 de agosto de 2025 para recuperar la conformidad.
Si Globavend no cumple con este requisito antes de la fecha l铆mite, Nasdaq emitir谩 una determinaci贸n de deslistado, aunque la empresa tendr谩 la opci贸n de apelar a un panel de audiencias de Nasdaq. La empresa est谩 monitoreando el precio de sus acciones y considerando soluciones potenciales, incluyendo un posible split inverso de acciones, para mantener su estado de cotizaci贸n.
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Globavend Holdings (Nasdaq: GVH) a re莽u une seconde p茅riode de gr芒ce de Nasdaq pour respecter l'exigence de prix d'offre minimum de 1,00 $ pour maintenir son inscription sur le Nasdaq Capital Market. L'entreprise a maintenant jusqu'au 11 ao没t 2025 pour retrouver la conformit茅.
Si Globavend ne respecte pas cette exigence avant la date limite, Nasdaq 茅mettra une d茅cision de radiation, bien que l'entreprise aura la possibilit茅 de faire appel 脿 un panel d'audiences de Nasdaq. L'entreprise surveille le prix de ses actions et envisage des solutions potentielles, y compris un rachat d'actions invers茅, pour maintenir son statut de cotation.
Globavend Holdings (Nasdaq: GVH) hat von Nasdaq eine zweite Nachfrist erhalten, um die Mindestangebotspreisanforderung von $1,00 f眉r die Fortsetzung der Notierung am Nasdaq Capital Market zu erf眉llen. Das Unternehmen hat nun bis zum 11. August 2025, um die Konformit盲t wiederherzustellen.
Wenn Globavend diese Anforderung bis zur Frist nicht erf眉llt, wird Nasdaq eine Delisting-Entscheidung treffen, obwohl das Unternehmen die M枚glichkeit hat, Berufung bei einem Nasdaq-Hearing-Panel einzulegen. Das Unternehmen 眉berwacht seinen Aktienkurs und pr眉ft potenzielle L枚sungen, einschlie脽lich eines m枚glichen Umkehrsplits, um seinen Notierungsstatus zu erhalten.
- Option to appeal potential delisting through Nasdaq hearings panel
- Additional 180-day grace period granted for compliance
- Risk of delisting from Nasdaq if $1.00 minimum bid price not achieved by August 11, 2025
- Potential reverse stock split may be necessary to maintain listing
- Current stock price remains below $1.00 minimum requirement
Insights
The second grace period from Nasdaq represents a double-edged sword for Globavend. While it provides additional time to address the minimum bid price requirement, it also signals persistent market concerns about the company's valuation and business fundamentals. With a current market cap of
The extension carries several critical implications for investors:
- Institutional investors typically have internal policies restricting investments in stocks trading below $1, potentially limiting buying interest and institutional support
- The risk of reduced liquidity could create wider bid-ask spreads, making position entries and exits more costly for traders
- While a reverse stock split could technically achieve compliance, historical patterns show this approach often fails to sustain price levels without underlying business improvements
The company's mention of considering a reverse split warrants careful scrutiny. While this mechanical adjustment would immediately boost the share price, it doesn't address fundamental business challenges. Companies that resort to reverse splits without addressing core operational issues often see continued price deterioration post-split, potentially leading to a cycle of additional splits or eventual delisting.
The regulatory timeline creates a critical decision point for stakeholders. The August 11 deadline effectively sets a countdown for either organic price recovery through business improvement or implementation of technical measures like a reverse split. The appeal process mentioned provides a final safety net but typically only delays rather than resolves the underlying compliance issues.
PERTH, AUSTRALIA, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the 鈥淐ompany鈥� or 鈥淕lobavend鈥�), an emerging e-commerce logistics provider, today announced that it received a letter from the Nasdaq Stock Market LLC (鈥淣asdaq鈥�) on February 13, 2025, indicating that the Company is granted an additional 180 calendar days, or until August 11, 2025, to regain compliance of the
If the Company cannot regain compliance by August 11, 2025, Nasdaq will issue a delisting determination. At that time, the Company may appeal such determination to a hearings panel of Nasdaq.
The Company intends to monitor the closing bid price of its Ordinary Shares and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement, including a reverse stock split (i.e., a share consolidation).
About Globavend Holdings Limited
Globavend Holdings Limited, an emerging e-commerce logistics provider, offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand. The Company primarily serves enterprise customers, including e-commerce merchants and operators of e-commerce platforms, facilitating business-to-consumer (B2C) transactions. As an e-commerce logistics provider, Globavend delivers integrated cross-border logistics services from Hong Kong to Australia and New Zealand. It provides customers with a comprehensive solution, encompassing pre-carriage parcel drop-off, parcel consolidation, air-freight forwarding, customs clearance, on-carriage parcel transportation, and final delivery.
Forward-Looking Statements
This press release may contain forward-looking statements that involve risks and uncertainties. Actual results may differ materially from the results predicted, and reported results should not be considered as an indication of future performance. The potential risks and uncertainties that could cause actual results to differ from the results predicted include, among others, those risks and uncertainties included under the captions 鈥淩isk Factors鈥� and 鈥淢anagement鈥檚 Discussion and Analysis of Financial Condition and Results of Operations鈥� in our Annual Report on Form 20-F for the year ended September 30, 2024, which is on file with the SEC and are available on our investor relations website at and on the SEC website at ., as well as the subsequent Current Reports on Form 6-K or other filings with the SEC. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We undertake no duty to update this information unless required by law.
For investor and media inquiries, please contact:
Company Info:
Globavend Holdings Limited
Wai Yiu Yau, Chairman and CEO
聽61 8 6141 3263
FAQ
What is the deadline for Globavend (GVH) to meet Nasdaq's minimum bid price requirement?
What happens if Globavend (GVH) fails to meet the $1.00 minimum bid requirement by August 2025?
What options is Globavend (GVH) considering to maintain Nasdaq listing?
How long is the second grace period granted to Globavend (GVH) by Nasdaq?
