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Globavend (GVH) lines up $20M standby equity deal with VWAP-based pricing

Filing Impact
(Neutral)
Filing Sentiment
(Neutral)
Form Type
6-K

Rhea-AI Filing Summary

Globavend Holdings Limited has entered into a Standby Equity Purchase Agreement with YA II PN, Ltd., under which the investor may purchase up to $20 million of Globavend’s ordinary shares over 36 months, based on Globavend’s delivery of advance notices.

The purchase price per share will be either 93% of the same‑day volume‑weighted average price or 96% of the lowest daily VWAP over three days, at the company’s election for each advance. Purchases are subject to conditions including an effective registration statement for the resale of the shares, trading‑volume limits, and a 4.99% cap on the investor’s beneficial ownership.

Globavend has paid a $35,000 structuring fee and will pay a $200,000 commitment fee tied to the registration statement’s effectiveness or a specified date. The agreement restricts new “Variable Rate Transactions” with other parties while it remains in effect, and contains customary covenants and forward‑looking statement cautions.

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Insights

Globavend secures a flexible $20M equity purchase facility with VWAP-based pricing and usage conditions.

Globavend Holdings Limited has arranged a Standby Equity Purchase Agreement allowing sales of up to $20 million in ordinary shares over 36 months. Pricing is set at a discount to VWAP, either 93% of a single-day VWAP or 96% of the lowest VWAP across three days, chosen per advance.

The agreement is contingent on an effective resale registration statement and caps the investor’s beneficial ownership at 4.99%. Advance sizes are linked to recent Nasdaq trading volumes, and no mandatory draw or non-usage fee applies. Globavend pays a $35,000 structuring fee and a $200,000 commitment fee, while agreeing not to enter other “Variable Rate Transactions” with third parties during the term.

Actual equity issuance and dilution will depend on future advance notices, share prices and volumes, and completion of the registration process. Subsequent SEC filings describing advances and the effectiveness of the registration statement will provide more detail on how extensively this facility is used.

SEPA commitment amount $20 million Maximum ordinary shares purchase commitment under SEPA
Agreement term 36 months Period after SEPA date during which advances may occur
Option 1 pricing discount 93% of VWAP Same-day VWAP during Option 1 Period
Option 2 pricing discount 96% of lowest 3-day VWAP Lowest daily VWAP over three trading days
Beneficial ownership cap 4.99% Maximum outstanding ordinary shares investor and affiliates may own
Structuring fee $35,000 Paid by Globavend to investor under SEPA
Commitment fee $200,000 Due by earlier of September 16, 2026 or post‑effectiveness
Advance size limit 100% of average daily volume Average over prior five Nasdaq trading days
Standby Equity Purchase Agreement financial
"entered into a Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, Ltd."
A standby equity purchase agreement is a contract in which an investor or group agrees to buy a company’s newly issued shares on demand, giving the company a ready source of cash it can tap when needed. Think of it like a line of credit made with stock instead of a loan: it provides financial backup but can increase the number of shares outstanding, diluting existing owners and affecting per‑share value, so investors watch these deals for their impact on ownership and earnings per share.
volume-weighted average price financial
"93% of the volume-weighted average price (the “VWAP”) of the Ordinary Shares"
Volume-weighted average price (VWAP) is the average price of a stock over a specific time period where each trade is weighted by the number of shares traded, so larger trades influence the average more than small ones. Investors and traders use VWAP as a reference point to judge whether trades are happening at relatively good or poor prices—like checking the average price paid for an item at a market where bulk purchases count more than single-item buys.
Variable Rate Transactions financial
"a prohibition on entering into “Variable Rate Transactions” (as such term is defined in the SEPA)"
Registration Statement regulatory
"the Company filing a registration statement registering the resale of the Ordinary Shares"
A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.
forward-looking statements regulatory
"This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 6-K

 

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16

OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934

 

For the month of June 2026

 

Commission File Number 001-41831

 

Globavend Holdings Limited

(Registrant’s Name)

 

Office 1401, Level 14, 197 St Georges Tce,

Perth, WA 6000,

Australia

(Address of principal executive office)

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

 

Form 20-F ☒      Form 40-F ☐

 

 

 

 

 

Entry into a Material Definitive Agreement

 

On June 16, 2026, Globavend Holdings Limited, a Cayman Islands exempted company (the “Company”) entered into a Standby Equity Purchase Agreement (the “SEPA”) with YA II PN, Ltd., a Cayman Islands exempted company (the “Investor”), pursuant to which the Investor has agreed to purchase up to $20 million (the “Commitment Amount”) of the Company’s ordinary shares, par value of $0.20 per share (the “Ordinary Shares”), over the course of 36 months after the date of the SEPA upon notice (each an “Advance Notice”) from the Company from time to time (each such occurrence, an “Advance”), subject to the restrictions and satisfaction of the conditions in the SEPA.

 

Subject to certain terms and conditions, which include the Company filing a registration statement registering the resale of the Ordinary Shares issued or to be sold by the Company to the Investor under the SEPA (the “Registration Statement”), the purchase price of the Ordinary Shares sold to the Investor will be, at the selection of the Company, either (1) 93% of the volume-weighted average price (the “VWAP”) of the Ordinary Shares commencing upon receipt by the Company of written confirmation of receipt of an Advance Notice by the Investor and ending on 4:00 p.m. New York Time on the same trading day (the “Option 1 Period”), or (2) 96% of the lowest daily VWAP of the Ordinary Shares during the three consecutive trading days commencing on the date of such Advance Notice.

 

Under the terms of the SEPA, the Company will determine the timing and number of shares sold through the delivery of Advance Notices to the Investor. An Advance Notice may not direct the Investor to purchase a number of Ordinary Shares exceeding 100% of the average of the daily trading volume of Ordinary Shares on the Nasdaq Capital Market (“Nasdaq”) during the five consecutive trading day-period immediately preceding an Advance Notice. There are no mandatory minimum Advance under the SEPA, although the Company may elect to set forth a minimum price in each Advance Notice, and no non-usage fees for not utilizing the Commitment Amount. If the Company selects an Option 1 Period and the number of Ordinary Shares traded on Nasdaq during such period is less than the number of Ordinary Shares subject to the Advance divided by 0.3, then the number of Ordinary Shares for such Advance will be reduced by the lesser of (i) 30% of the trading volume of the Ordinary Shares during such period or (ii) the number of Ordinary Shares sold by the Investor during such period. In addition, the Investor’s obligation to purchase Ordinary Shares under the SEPA is limited to a number of Ordinary Shares that would result in the Investor and its affiliates beneficially owning no greater than 4.99% of outstanding Ordinary Shares.

 

In accordance with the SEPA, the Company has paid the Investor a structuring fee in the amount of $35,000 and will pay a commitment fee of $200,000 by the earlier of September 16, 2026 or five business days following the effective date of the Registration Statement. There are no restrictions on future financings, rights of first refusal, participation rights, penalties or liquidated damages in the SEPA other than a prohibition on entering into “Variable Rate Transactions” (as such term is defined in the SEPA), other than with the Investor, until the SEPA is no longer in effect.

 

This Report on Form 6-K (this “Report”) shall not constitute an offer to sell or the solicitation to buy nor shall there be any sale of the Ordinary Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

The SEPA contains customary representations, warranties, covenants, closing conditions and indemnification provisions. Sales of Ordinary Shares under the SEPA may commence only after certain conditions have been satisfied, including the effectiveness of the Registration Statement.

 

The proceeds from the sale of the Ordinary Shares by the Company to the Investor shall be used by the Company in the manner as will be set forth in the Prospectus included in the Registration Statement (and any post-effective amendment or prospectus supplement thereto) filed pursuant to the SEPA.

 

The foregoing description of the SEPA does not purport to be complete and is qualified in its entirety by the full text of the SEPA, a copy of which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.

 

Cautionary Note Regarding Forward-Looking Statements

 

This Report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statements contained in this Report that are not statements of historical fact, including those related to the SEPA, may be deemed forward-looking statements. Words such as “continue,” “will,” “may,” “could,” “should,” “expect,” “expected,” “plans,” “intend,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” and similar expressions are intended to identify such forward-looking statements. All forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from those expressed or implied in the forward-looking statements, many of which are generally outside the control of the Company and are difficult to predict. Examples of such risks and uncertainties include, but are not limited to, the Company’s ability to register the Ordinary Shares on the Registration Statement and successfully utilize the SEPA. Additional examples of such risks and uncertainties include, but are not limited to (i) the Company’s ability to successfully manage and integrate any joint ventures, acquisitions of businesses, solutions or technologies; (ii) unanticipated operating costs, transaction costs and actual or contingent liabilities; (iii) the ability to attract and retain qualified employees and key personnel; (iv) adverse effects of increased competition on the Company’s current and future businesses; (v) the risk that changes in consumer behavior could adversely affect the Company’s business; (vi) the Company’s ability to protect its intellectual property; and (vii) local, industry and general business and economic conditions. Additional factors that could cause actual results to differ materially from those expressed or implied in the forward-looking statements can be found in the most recent annual report on Form 20-F and reports on Form 6-K filed by the Company with the U.S. Securities and Exchange Commission. The Company anticipates that subsequent events and developments may cause its plans, intentions and expectations to change. The Company assumes no obligation, and it specifically disclaims any intention or obligation, to update any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by law. Forward-looking statements speak only as of the date they are made and should not be relied upon as representing the Company’s plans and expectations as of any subsequent date.

 

1

 

 

 

EXHIBIT INDEX

 

Exhibit No.   Description
10.1   Standby Equity Purchase Agreement, dated as of June 16, 2026, entered into by and between Globavend Holdings Limited and YA II PN, Ltd.

 

2

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

  GLOBAVEND HOLDINGS LIMITED
     
  By: /s/ Kai Man Fung
  Name:  Kai Man Fung
  Title: Chairman of the Board

 

Date: June 18, 2026

 

3

FAQ

What financing arrangement did Globavend Holdings Limited (GVH) announce in this 6-K?

Globavend entered a Standby Equity Purchase Agreement with YA II PN, Ltd. The investor may buy up to $20 million of ordinary shares over 36 months, giving Globavend a flexible equity funding source subject to specified conditions and limitations.

How is the share purchase price determined under Globavend (GVH)'s SEPA?

For each advance, Globavend can choose pricing at 93% of the same-day volume-weighted average price or 96% of the lowest daily VWAP over three consecutive trading days. This VWAP-based discount structure sets how many shares must be issued to raise capital.

What ownership and volume limits apply to YA II PN, Ltd. in the Globavend (GVH) SEPA?

The investor’s obligation is limited so it and its affiliates never beneficially own more than 4.99% of outstanding ordinary shares. Each advance also may not exceed 100% of the average daily trading volume over the prior five Nasdaq trading days, constraining transaction size.

What fees does Globavend (GVH) pay in connection with the Standby Equity Purchase Agreement?

Globavend has paid a $35,000 structuring fee to the investor and will pay a $200,000 commitment fee by the earlier of September 16, 2026 or five business days after the registration statement becomes effective, reflecting the cost of securing this capital facility.

When can Globavend (GVH) begin selling shares under the SEPA?

Sales may begin only after conditions in the agreement are satisfied, including effectiveness of a registration statement covering resale of the shares. Once effective, Globavend can deliver advance notices over 36 months, subject to trading-volume and ownership limits described in the agreement.

What restrictions on other financings are included in Globavend (GVH)'s SEPA?

The agreement does not include general rights of first refusal or penalties but prohibits Globavend from entering into other "Variable Rate Transactions" with parties besides the investor while the SEPA is in effect, limiting concurrent use of similar equity-linked financing structures.

Filing Exhibits & Attachments

1 document