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Globavend Announces Receipt of Nasdaq Notification Regarding Minimum Bid Price Deficiency
Globavend Holdings (Nasdaq: GVH), an emerging e-commerce logistics provider, has received a notice from Nasdaq indicating non-compliance with the $1.00 minimum bid price requirement for continued listing on the Nasdaq Capital Market. The company has until February 12, 2025, to regain compliance by having its closing bid price meet or exceed $1.00 per ordinary share for at least ten consecutive business days.
The notice does not immediately affect GVH's listing, and its ordinary shares will continue to trade under the symbol 'GVH'. Globavend intends to monitor the situation and may consider implementing options to regain compliance, including a potential reverse stock split.
The notice does not immediately affect GVH's listing, and its ordinary shares will continue to trade under the symbol 'GVH'. Globavend intends to monitor the situation and may consider implementing options to regain compliance, including a potential reverse stock split.
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