Globavend Regains Compliance with Nasdaq Minimum Bid Price Deficiency
Globavend Holdings Limited (Nasdaq: GVH), an e-commerce logistics provider, has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq's Listing Qualifications Department that its stock maintained a closing bid price of $1.00 or higher for 10 consecutive business days, from May 9 to May 22, 2025. As a result, Globavend will continue trading on Nasdaq under the symbol "GVH", and the listing compliance matter has been closed.
Globavend Holdings Limited (Nasdaq: GVH), un fornitore di servizi logistici per l'e-commerce, ha riconquistato con successo la conformità al requisito minimo del prezzo di offerta di Nasdaq. La società ha ricevuto la conferma dal Dipartimento di Qualifica delle Quotazioni di Nasdaq che il prezzo di chiusura delle sue azioni è rimasto pari o superiore a 1,00 $ per 10 giorni lavorativi consecutivi, dal 9 al 22 maggio 2025. Di conseguenza, Globavend continuerà a essere quotata su Nasdaq con il simbolo "GVH" e la questione relativa alla conformità della quotazione è stata risolta.
Globavend Holdings Limited (Nasdaq: GVH), un proveedor de logística para comercio electrónico, ha recuperado con éxito el cumplimiento del requisito mínimo del precio de oferta de Nasdaq. La empresa recibió la confirmación del Departamento de Calificaciones de Listado de Nasdaq de que su acción mantuvo un precio de oferta de cierre de 1,00 $ o más durante 10 días hábiles consecutivos, desde el 9 hasta el 22 de mayo de 2025. Como resultado, Globavend continuará cotizando en Nasdaq bajo el símbolo "GVH", y el asunto de cumplimiento de la cotización ha sido cerrado.
Globavend Holdings Limited (나스닥: GVH)는 전자상거래 물류 제공업체로서 나스닥의 최소 입찰가 요건을 성공적으로 충족하였습니다. 회사는 2025년 5월 9일부터 5월 22일까지 10거래일 연속으로 종가가 1.00달러 이상임을 나스닥 상장 자격 부서로부터 확인받았습니다. 이에 따라 Globavend는 "GVH"라는 심볼로 나스닥에서 계속 거래되며, 상장 관련 준수 문제는 종료되었습니다.
Globavend Holdings Limited (Nasdaq : GVH), un fournisseur de logistique pour le commerce électronique, a réussi à se conformer à nouveau à l'exigence minimale du prix d'offre de Nasdaq. La société a reçu la confirmation du Département des qualifications de cotation de Nasdaq que son action a maintenu un prix de clôture de 1,00 $ ou plus pendant 10 jours ouvrables consécutifs, du 9 au 22 mai 2025. En conséquence, Globavend continuera à être cotée sur Nasdaq sous le symbole "GVH", et la question de la conformité à la cotation a été clôturée.
Globavend Holdings Limited (Nasdaq: GVH), ein Anbieter von Logistikdienstleistungen für den E-Commerce, hat erfolgreich die Einhaltung der Mindestgebotspreis-Anforderung der Nasdaq wiedererlangt. Das Unternehmen erhielt eine Bestätigung von der Abteilung für Notierungsqualifikationen der Nasdaq, dass der Schlusskurs seiner Aktie für 10 aufeinanderfolgende Handelstage bei 1,00 $ oder höher lag, und zwar vom 9. bis 22. Mai 2025. Infolgedessen wird Globavend weiterhin unter dem Symbol "GVH" an der Nasdaq gehandelt, und die Angelegenheit bezüglich der Notierungskonformität wurde abgeschlossen.
- Successfully regained Nasdaq listing compliance, eliminating delisting risk
- Maintained stock price above $1.00 for required period, showing price stability
- Previous trading below $1.00 indicates recent financial or market challenges
PERTH, AUSTRALIA, May 23, 2025 (GLOBE NEWSWIRE) -- Globavend Holdings Limited (Nasdaq: GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, today announced that it received a notification letter (the “Notification Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that it has regained compliance with the minimum bid price requirement set forth under Nasdaq Listing Rule 5550(a)(2) (the “Minimum Bid Price Requirement”).
The Notification Letter confirmed that the Company evidenced a closing bid price at or greater than the
The ordinary shares of the Company continue to trade on Nasdaq under the symbol "GVH".
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.
For investor and media inquiries, please contact:
Company Info:
Globavend Holdings Limited
Wai Yiu Yau, Chairman and CEO
project@globavend.com 61 8 6141 3263
FAQ
What did Globavend (GVH) do to regain Nasdaq compliance in May 2025?
Will Globavend (GVH) continue trading on Nasdaq after regaining compliance?
What is Nasdaq's minimum bid price requirement that Globavend (GVH) met?
How long did Globavend (GVH) need to maintain its stock price above $1.00?
