Why Is Globavend Stock Gaining Today?
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Globavend Holdings Limited (NASDAQ:GVH) shares rose approximately 2.5% in premarket trading after announcing a $1.4 million registered direct offering priced at $1.60 per share. The offering includes 889,359 ordinary shares and is expected to close on January 2, 2026. The proceeds will be used for working capital and general corporate purposes, with Univest Securities, LLC acting as the placement agent. As of the latest data, Globavend shares are trading at $1.50, reflecting a 4.17% increase.
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