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Globavend Secures Additional 180-Day Nasdaq Compliance Extension To Meet $1.00 Minimum Bid Price Requirement

Benzinga·02/18/2025 09:52:13
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If the Company cannot regain compliance by August 11, 2025, Nasdaq will issue a delisting determination. At that time, the Company may appeal such determination to a hearings panel of Nasdaq.

The Company intends to monitor the closing bid price of its Ordinary Shares and may, if appropriate, consider implementing available options to regain compliance with the Minimum Bid Price Requirement, including a reverse stock split (i.e., a share consolidation).