Globavend Holdings Limited (GVH) shares pushed higher in Friday's premarket session after the company announced pricing details for a capital raise that should bring in about $1.4 million.

The Texas-based e-commerce logistics provider set the effective purchase price at $1.60 per share when it announced terms for the registered direct offering on Wednesday. It's the kind of financing move that often signals a company needs cash for operations, and investors seem reasonably comfortable with the terms.

The Deal Structure

Globavend is offering 889,359 ordinary shares or pre-funded warrants to purchase ordinary shares at the same price. Pre-funded warrants are essentially shares with a tiny exercise price, giving investors flexibility while letting the company recognize the capital immediately.

The proceeds will go toward working capital and general corporate purposes, which is corporate-speak for keeping the lights on and funding day-to-day operations.

The offering is expected to close on January 2, 2026, subject to standard closing conditions. Univest Securities is handling the deal as sole placement agent.

The securities are being offered under a previously filed Form F-3 registration statement that's already SEC-effective, which speeds up the process considerably.

GVH Price Action: Globavend shares were trading 4.17% higher at $1.50 in premarket activity Friday, according to market data.