InvestmentJun 18, 2026, 04:07 PM
Globavend Enters $20M Standby Equity Purchase Agreement
AI Summary
Globavend Holdings Ltd has entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd., allowing the company to sell up to $20 million of its ordinary shares over 36 months. The shares will be purchased at a discount to the volume-weighted average price. Globavend has paid a $35,000 structuring fee and will pay a $200,000 commitment fee, with proceeds from the share sales intended for general corporate purposes as outlined in a future prospectus.
Key Highlights
- Globavend Holdings Ltd entered into a Standby Equity Purchase Agreement (SEPA) with YA II PN, Ltd.
- The investor committed to purchase up to $20 million of ordinary shares over 36 months.
- Shares will be purchased at 93% of VWAP or 96% of the lowest daily VWAP over three days.
- Globavend paid a $35,000 structuring fee to the investor.
- A $200,000 commitment fee is due by September 16, 2026, or five business days after registration statement effectiveness.
- Investor's beneficial ownership is capped at 4.99% of outstanding ordinary shares.
Price Impact
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