PERTH, AUSTRALIA, Nov. 10, 2023 (GLOBE NEWSWIRE) — Globavend Holdings Limited (Nasdaq:GVH) (the “Company” or “Globavend”), an emerging e-commerce logistics provider, today announced the closing of its initial public offering (the “Offering”) of 1,500,000 ordinary shares at a public offering price of $4.00 per ordinary share. The aggregate gross proceeds from the Offering, before deducting underwriting discounts and other offering expenses, were $6,000,000. The Company’s ordinary shares are listed on the Nasdaq Capital Market under the symbol “GVH.”

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