Lucosky Brookman LLP Advises Univest Securities on $15 Million Public Offering for Globavend Holdings Limited
Globavend Holdings Limited, an emerging e-commerce logistics provider with operations across Hong Kong, Australia, and New Zealand, has successfully closed a $15 million public offering of its ordinary shares and accompanying warrants.
The offering consisted of 21,739,130 ordinary shares (or pre-funded warrants in lieu thereof), each sold with one Series A Warrant (exercise price: $0.69) and one Series B Warrant (exercise price: $1.173). The warrants are immediately exercisable, with a one-year expiration from initial exercise.
Lucosky Brookman LLP quarterbacked the legal side of the transaction, advising Univest from structure to close. Univest Securities, LLC served as the sole placement agent for the offering.
The offering was priced at $0.69 per unit, generating gross proceeds of approximately $15 million, before deducting fees and offering expenses.
The Company intends to use the net proceeds to support a range of corporate priorities:
- Capital expenditures and working capital
- Expansion of operating capacity and international branches
- Acquisition of new warehouses and facilities
- Registration and growth of overseas business entities
- Potential M&A activity
Globavend offers end-to-end cross-border logistics solutions, specializing in B2C deliveries from Hong Kong to Australia and New Zealand. Its integrated services span pre-carriage parcel drop-off, consolidation, freight forwarding, customs clearance, and last-mile delivery.