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News  ›  GlobeNewswire Inc.

Univest Securities, LLC Announces Closing of $1.4 Million Registered Direct Offering for its Client Globavend Holdings Limited (NASDAQ: GVH)

GlobeNewswire Inc. Logo GlobeNewswire Inc. By Univest Securities, Llc
Univest Securities, LLC Announces Closing of $1.4 Million Registered Direct Offering for its Client Globavend Holdings Limited (NASDAQ: GVH)

Univest Securities completed a $1.4 million registered direct offering for Globavend Holdings Limited (NASDAQ: GVH), an e-commerce logistics provider. The company sold 889,359 ordinary shares or pre-funded warrants at an effective price of $1.60 per share. Univest acted as the sole placement agent for the offering.

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GVH   neutral

The company successfully completed a capital raise of $1.4 million, which is a positive operational development. However, the offering size is relatively modest and the article contains only factual information about the transaction without commentary on business performance or growth prospects.