Globavend Holdings Plunges 8.51% After Reverse Stock Split

On July 18, 2025, Globavend Holdings experienced a significant drop of 8.51% in pre-market trading, marking a notable decline in its stock performance.

Globavend Holdings Limited recently announced a 1-for-200 reverse stock split, which has led to a substantial decrease in its share price. This move, aimed at increasing the stock's value per share, has resulted in a significant drop in trading activity and investor confidence.

The reverse stock split, which converts every two hundred outstanding ordinary shares into one new ordinary share, is a strategic decision by the company to boost its stock price. However, this action has had an immediate impact on the market, causing a sharp decline in Globavend Holdings' stock value.