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GVH News
GVH Events
Globavend Signs Global Distribution Agreement with DramaBox
Globavend announced that its digital entertainment subsidiary, Loomi Entertainment, has entered into a global distribution agreement with DramaBox for the worldwide release of its original AI-produced English language micro drama, "The Wolf King's Forbidden Bride."
Globavend Acquires 70% Equity in Loomi Entertainment for $70
Globavend announced that it has entered into a definitive agreement with Zenith Green to acquire 70% of the equity interests in Loomi Entertainment for the nominal consideration of $70. Subject to customary closing conditions, the transaction is expected to close on or before May 22. Upon closing of the transaction, Loomi Entertainment will become a non-wholly-owned subsidiary of the company and the financial results, assets and liabilities of Loomi Group, which include an existing interest-free shareholder loan of approximately $550,000 due and owing to the Vendor, will be consolidated into the company's consolidated financial statements. Integration planning is currently underway, and the company intends to provide further updates following the closing of the transaction.
Globavend Holdings Ltd Trading Halted Due to Volatility Trading Pause
Globavend Holdings Ltd trading halted, volatility trading pause
Globavend Reports FY25 Revenue of $23.6M
Reports FY25 revenue $23.6M vs $ 16.5M last year. "Globavend delivered a strong finish to 2025 with $23.6 million in revenue, representing robust growth of 42.5% year-over-year," said Frank Yau, Chairman and CEO of Globavend Holdings. "During the year, we handled an average of 10,394 packages every day, representing an increase of 69.4% compared to the previous year, and our average daily revenue by freight weight increased by 12.7% compared to the previous year."
Globavend announces zero price exercise warrants fully exercised
Globavend Holdings announced that all outstanding Series B Warrants, which contain a "zero price exercise" option, have been fully exercised. These warrants were issued in connection with a public offering that closed on June 27, 2025. As part of that transaction, the Company entered into a securities purchase agreement with certain investors signatory thereto related to the public offering of $15M.
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