Globavend Holdings Limited’s Lock-Up Period To End on May 6th (NASDAQ:GVH)

Globavend’s (NASDAQ:GVH) lock-up period is set to end on Monday, May 6th. Globavend had issued 1,500,000 shares in its initial public offering on November 8th. The total size of the offering was $6,000,000 based on an initial share price of $4.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Globavend Price Performance

NASDAQ:GVH opened at $1.10 on Friday. The firm’s 50 day moving average price is $1.21. Globavend has a fifty-two week low of $0.79 and a fifty-two week high of $5.50.

Globavend Company Profile

Globavend Holdings Limited, together with its subsidiaries, provides integrated cross-border logistics services and air freight forwarding services in Hong Kong, Australia, and New Zealand. The company's services include parcel consolidation, air freight forwarding, customs clearance, on-carriage parcel transportation, and delivery.