Globavend Receives Nasdaq Noncompliance Notice-March 2024-www.financetom.com

Globavend Receives Nasdaq Noncompliance Notice

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Globavend Receives Nasdaq Noncompliance Notice

Aug 22, 2024 10:00 PM

11:10 AM EDT, 08/22/2024 (MT Newswires) -- Globavend ( GVH ) said Thursday that it been notified by Nasdaq that it is not in compliance with the exchange's $1 minimum bid price requirement for continued listing.

The e-commerce logistics provider said it has until Feb. 12, 2025 to regain compliance.

The company said that the notice doesn't have an immediate effect on its listing and that it may consider implementing a reverse stock split or another option to regain compliance.

Globavend ( GVH ) shares were up 11% at $0.60 per share in recent trading.

Price: 0.63, Change: +0.09, Percent Change: +16.69

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