By Anvee Bhutani
Globavend shares rose in after-hours trading after the company said all of its outstanding Series A warrants expired in accordance with their terms, eliminating a potential source of future shareholder dilution.
Shares of the e-commerce logistics and artificial intelligence-powered digital entertainment company were up roughly 14% at $4.19 after hours Monday.
The company said the expiration of the warrants, which were issued in connection with its June 2025 public offering, simplifies its capital structure. Globavend said it now has no outstanding warrants.
The company said the move removes a legacy source of potential dilution as it continues to execute its strategy of expanding its AI-powered digital entertainment business, while growing its cross-border logistics operations.
Write to Anvee Bhutani at anvee.bhutani@wsj.com