Globavend (Nasdaq: GVH) Granted Second Grace Period by Nasdaq for Minimum Bid Price Compliance
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Globavend Holdings Limited (Nasdaq: GVH) has been granted an additional 180 days by Nasdaq to meet the $1.00 minimum bid price requirement for its shares to remain listed on the Nasdaq Capital Market.
February 18, 2025 | 9:15 am
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Globavend has been given an additional 180 days by Nasdaq to comply with the $1.00 minimum bid price requirement, extending the deadline to August 11, 2025.
The extension provides Globavend more time to address its stock price issues, which is crucial for maintaining its Nasdaq listing. However, the immediate impact on stock price is neutral as it does not resolve the underlying issue.
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