Globavend Holdings Limited announced the successful closing of its public offering, which generated approximately $15 million in gross proceeds for the company.
The offering included 21,739,130 ordinary shares, or pre-funded warrants, each accompanied by one Series A Warrant and one Series B Warrant. The Series A Warrants are exercisable at $0.69 per share, and the Series B Warrants are exercisable at $1.173 per share.
The net proceeds from this offering are designated for capital expenditures, enhancing operating capacity, increasing working capital, and supporting general corporate purposes, including the purchase of warehouses and potential mergers and acquisitions.
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