🔴 Globavend is trading 11% down in pre-market — no company-specific catalyst identified

Globavend is trading at $0.81, down 11.00%, with no identified company-specific news explaining the October 29 pre-market decline.

• October 28 close: $0.91.
• Latest reported company event: an October 27 filing on forming a non-wholly-owned Shenzhen subsidiary to expand its digital entertainment business; it does not establish a cause.
• Broader technology sentiment was weak: software down 3.67% pre-market and Nasdaq futures down 1.28%. Evidence does not confirm a direct link to Globavend; confidence is low.