Globavend Holdings Faces Nasdaq Compliance Challenge

Globavend Holdings Ltd. (GVH) has released an update.

Globavend Holdings Ltd., an e-commerce logistics provider, has been notified by Nasdaq of a minimum bid price deficiency but remains listed on the Nasdaq Capital Market. The company has 180 days to rectify the issue and is considering measures such as a reverse stock split to comply with Nasdaq’s Minimum Bid Price Requirement. Their ordinary shares continue to trade under the symbol ‘GVH’ with no immediate impact on trading.

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