Why Thumzup Media Shares Are Trading Higher By Over 20%; Here Are 20 Stocks Moving Premarket
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 01 2025
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Source: Benzinga
Thumzup Media Corporation's Stock Surge: Thumzup Media Corporation's shares rose 20.4% to $8.45 in pre-market trading following the announcement of a $6.5 million registered direct offering.
Pre-Market Trading Highlights: Several stocks experienced significant movements, with BioNexus Gene Lab Corp surging 238.7% and Wag! Group Co falling 19.3%, reflecting a volatile trading environment.
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Analyst Views on GVH
About GVH
Globavend Holdings Limited is an e-commerce logistics provider, offers end-to-end logistics solutions in Hong Kong, Australia, and New Zealand. The Company formulates and implements integrated, end-to-end, cross-border logistics solutions for its customers with the provision of air freight forwarding services and related logistics services as its principal business. Its business model principally involves the provision of integrated cross-border logistics services, which include air freight forwarding services offered as an integral part thereof; and air freight forwarding services, offered as a modularized logistics service segmented from its integrated cross-border logistics services. Its integrated cross-border logistics services also provide related logistics services, which include pre-carriage parcel drop-off, parcel consolidation, airfreight forwarding, customs clearance, on-carriage parcel transportation, and final delivery.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Globavend Closes $1.4 Million Registered Direct Offering
- Successful Financing: Globavend Holdings Limited completed a $1.4 million registered direct offering through Univest Securities, selling 889,359 ordinary shares at $1.60 each, enhancing the company's liquidity to support its e-commerce logistics operations.
- Market Expansion: This financing will enable Globavend to further expand its e-commerce logistics services in Hong Kong, Australia, and New Zealand, addressing the growing demand from enterprise customers and thereby enhancing its market competitiveness.
- Compliance Assurance: The offering was conducted under an SEC registration statement, ensuring compliance and reducing potential legal risks, which bolsters investor confidence.
- Long-term Growth Potential: Univest Securities, acting as the sole placement agent, demonstrated its influence in the capital markets, laying the groundwork for Globavend's future financing activities.
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Globavend Secures $1.4 Million in Direct Offering via Univest Securities
- Successful Financing: Globavend Holdings Limited completed a registered direct offering of $1.4 million through Univest Securities, selling 889,359 ordinary shares at an effective purchase price of $1.60 per share, thereby strengthening its capital base for future growth.
- Market Positioning: As an emerging e-commerce logistics provider, Globavend focuses on delivering end-to-end logistics solutions for enterprise customers in Hong Kong, Australia, and New Zealand, enhancing its competitiveness in the rapidly growing e-commerce market.
- Compliance and Transparency: The offering was conducted in accordance with SEC registration statement procedures, ensuring the legality and transparency of the transaction, which boosts investor confidence and lays a foundation for future capital operations.
- Long-term Relationship: Univest Securities acted as the sole placement agent, showcasing its expertise in capital markets and further solidifying its long-term partnership with Globavend, which is expected to drive future business growth for both parties.
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