Approval-in-Principle Received For Up To $900,000 in Government Funding to Directly Support Globavend's Expansion into the China Market PERTH, AUSTRALIA, April 28, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced that it has received approval-in-principle from a Hong Kong government administered business development grant. If approved, eligible companies may receive up to $900,000 non-dilutive grant funding and would be deemed irrevocably earned with no repayment obligations. The approval-in-principle was given by the Dedicated Fund on Branding, Upgrading and Domestic Sales (BUD Fun

PERTH, AUSTRALIA, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced that it received a letter from the Nasdaq Stock Market LLC ("Nasdaq") 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 $1.00 minimum bid price requirement for continued listing of the Company's ordinary shares (the "Ordinary Shares") on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rules (the "Minimum Bid Price Requirement"). If the Company cannot regain compliance by August 11, 2025, Nasdaq will iss

PERTH, AUSTRALIA, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited ("Globavend" or the "Company") (NASDAQ:GVH), an emerging e-commerce logistics services provider, today announced its financial results for the fiscal year 2024. The Company has recorded a significant growth of 24% in its net income, marking a successful year for the organization. "We are thrilled to announce our financial results for the fiscal year 2024, which reflect our commitment to delivering value to our customers and stakeholders," said Frank Yau, CEO of Globavend. "Our strong net income growth is a testament to the hard work and dedication of our team, as well as our ability to adapt to the changing mar

PERTH, Nov. 22, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) ("Globavend"), an emerging e-commerce logistics services provider, today announced that it will present in a live webinar teamed up by international law firms on Going Public in the US – an APAC Experience. The webinar will be held on November 28, 2024, at 2:30 p.m. AEDT. Participants will gain insights from the Nasdaq and industry experts in going public in the US. At the webinar, Neil Waldron, Nasdaq's Director of Corporate Platforms, and Frank Yau, Chairman and CEO of Globavend, alongside leading international law firms, including K&L Gates LLP and Conyers Dill & Pearman, and industry experts will share th

PERTH, AUSTRALIA, Sept. 19, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited ("Globavend" or the "Company") (NASDAQ:GVH), an emerging e-commerce logistics services provider, today announced its unaudited financial results for the six months ended March 31, 2024. "Globavend's strong first half year results mark the success of our business strategy," said Frank Yau, CEO at Globavend. "We are pleased with our strategy priorities, which have driven a strong profit for the first half of 2024. We will continue our momentum in the second half of 2024 and onwards." "We achieved over a double of our gross profit, and an increase of 99.4% of our net income, compared to the same period i

Ordinary shares will continue to trade on the Nasdaq Capital Market, and the Company's listing on such exchange is not affected by the receipt of the Notice PERTH, AUSTRALIA, Aug. 22, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) (the "Company" or "GVH"), an emerging e-commerce logistics provider, disclosed that it had received a notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") that GVH is not currently in compliance with the $1.00 minimum bid price requirement for continued listing of the Company's ordinary shares (the "Ordinary Shares") on the Nasdaq Capital Market, as set forth in Nasdaq Listing Rules (the "Minimum Bid Price Requirement"). The Notice

PERTH, AUSTRALIA, July 09, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced the inclusion of New Zealand Post (NZ Post) as one of its last-mile delivery suppliers in New Zealand. NZ Post, a state-owned enterprise with the New Zealand Government as its sole shareholder, has a long-standing history of providing postal services across New Zealand. In May 2024, NZ Post commenced its first trial shipment for Globavend, marking the beginning of their collaboration in last-mile delivery services in New Zealand. Wai Yiu Yau, CEO of Globavend, commented, "We are delighted to welcome NZ Post

Strategic acquisition intended to enhance the company's business presence in Australia PERTH, AUSTRALIA, May 29, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced it has entered into a non-binding Memorandum of Understanding ("MOU") to make an equity investment in Top Logistics Australia Pty Ltd ("Top Logistics"), a key one stop logistics solutions provider in Australia. Under the MOU, the Company would make an equity investment in Top Logistics on fulfillment and/or waiver of certain conditions precedent to be set out in the definitive agreement, which is subject to a further and ong

PERTH, AUSTRALIA, March 18, 2024 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, is pleased to announce that it has entered into a US$20,000,000 equity purchase agreement (the "Equity Purchase Agreement") with Square Gate Capital Master Fund, LLC – Series 1 ("Square Gate"), as well as a registration rights agreement ("Registration Right Agreement") related thereto. Pursuant to the terms of the Registration Rights Agreement, the Company will register the Company's ordinary shares (the "Shares") issuable to Square Gate under the Equity Purchase Agreement for public resale. Globavend will have the right, b

PERTH, AUSTRALIA, Nov. 10, 2023 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (NASDAQ:GVH) (the "Company" or "Globavend"), an emerging e-commerce logistics provider, today announced the closing of its initial public offering (the "Offering") of 1,500,000 ordinary shares at a public offering price of $4.00 per ordinary share. The aggregate gross proceeds from the Offering, before deducting underwriting discounts and other offering expenses, were $6,000,000. The Company's ordinary shares are listed on the Nasdaq Capital Market under the symbol "GVH." The Company has granted the Underwriter a 45-day option to purchase up to an additional 225,000 ordinary shares at the public offering price,

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