Univest Securities Completes Fundraising for Globavend Holdings
Univest Securities Announces Successful $15 Million Offering
New York — Univest Securities, LLC, a well-established investment bank and securities broker-dealer, has successfully closed a significant public offering of approximately $15 million for its client, Globavend Holdings Limited (NASDAQ: GVH). This achievement marks an important step for Globavend, an emerging player in the e-commerce logistics sector.
Details of the Offering
The financing consists of 21,739,130 ordinary shares along with pre-funded warrants, allowing investors options for expansion through Series A and Series B Warrants. Each ordinary share or warrant was priced at an initial cost, paving the way for investors to engage in the growing market of logistics.
Warrant Specifications
Each ordinary share is associated with one Series A Warrant, which can be exercised to purchase an additional share at $0.69, and one Series B Warrant priced at $1.173. This structured opportunity allows investors to leverage their investments strategically over the coming year.
Use of Proceeds
The net proceeds from this offering will be allocated to various growth initiatives. Globavend plans to utilize these funds for capital expenditures, enhancing operational capacity, and pursuing general corporate purposes. In addition, they aim to invest in the acquisition of warehouses and potentially explore mergers and acquisitions that can further their market reach.
Role of Univest Securities
Acting as the sole placement agent, Univest Securities has played a crucial role in facilitating this offering. Their experience and guidance have been instrumental in developing and executing financial strategies that align with Globavend's objectives.
About Globavend Holdings Limited
Globavend Holdings Limited specializes in end-to-end logistics solutions tailored for e-commerce across various regions. The company supports enterprise customers, helping them manage business-to-consumer (B2C) transactions efficiently. By offering integrated cross-border logistics services, Globavend ensures that its clients receive comprehensive logistics solutions that facilitate seamless delivery from Hong Kong to markets in Australia and New Zealand.
Logistics Solutions Offered
Globavend’s services include various crucial logistics processes. They handle pre-carriage parcel drop-off, consolidation of parcels, air-freight forwarding, customs clearance, and final delivery. This holistic approach not only streamlines operations for e-commerce merchants but also enhances the customer experience by ensuring timely deliveries.
Future Perspectives
With the new funding, Globavend is set to strengthen its position in the logistics market. The company is optimistic about expanding its operational capabilities and improving its service offerings. By enhancing its logistics network, Globavend can meet growing demands in the e-commerce industry while remaining competitive.
Frequently Asked Questions
What was the total amount raised in the offering?
The total amount raised in the offering was approximately $15 million.
Who acted as the placement agent for the offering?
Univest Securities, LLC served as the sole placement agent for the offering.
What will Globavend do with the funds raised?
Globavend intends to use the proceeds for capital expenditures, operational capacity enhancement, and potential mergers and acquisitions.
How can investors purchase shares or warrants?
Investors interested in shares or warrants can do so through the offering facilitated by Univest Securities.
What logistics services does Globavend provide?
Globavend offers comprehensive logistics solutions including parcel drop-off, air-freight forwarding, and door-to-door delivery services.
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