🔴 Globavend is trading 24.3% down today on dilution concerns and skepticism over its AI drama pivot

Globavend is trading at $1.12 (24.3% down) following sharp dilution worries and investor skepticism regarding its recent business model shift.

• The company filed to register approximately 12 million shares for resale under a standby equity facility, significantly increasing supply and fueling dilution fears.
• Shares have plunged as investors react poorly to a global AI micro-drama distribution deal with DramaBox, signaling doubt over the company's pivot into the entertainment sector.