Globavend Holdings Limited announced it received a letter from Nasdaq on February 13, 2025, granting an additional 180 calendar days to regain compliance with the $1.00 minimum bid price requirement.
The new deadline for compliance is August 11, 2025. Failure to meet this requirement by the specified date will result in Nasdaq issuing a delisting determination.
The company stated its intention to monitor the closing bid price of its ordinary shares and may consider implementing available options, including a reverse stock split, to regain compliance.
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