Globavend Holdings Limited, an emerging e-commerce logistics provider, announced the pricing of a public offering aimed at raising approximately $15 million in gross proceeds. The offering includes ordinary shares and pre-funded warrants, each sold with accompanying Series A and Series B Warrants. The ordinary shares and pre-funded warrants are priced at $0.69 each, with the pre-funded warrants priced marginally lower. The company plans to utilize the net proceeds for capital expenditures, expanding operating capacity, working capital, general corporate purposes, purchasing warehouses, and potential future mergers and acquisitions. Univest Securities, LLC is serving as the sole placement agent for this offering.
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