EX-5.1 3 ex5-1.htm

 

Exhibit 5.1

 

CONYERS DILL & PEARMAN

 

29th Floor

One Exchange Square

8 Connaught Place

Central

Hong Kong

T +852 2524 7106 | F +852 2845 9268

 

conyers.com

 

[●] 2024

 

Matter No.: 838127

Doc Ref: FW#110054060

(852) 2842 9521

Flora.Wong@conyers.com

 

Globavend Holdings Limited

Room 13 18th Floor Tsuen Wan Industrial Centre

220-248 Texaco Road New Territories

Hong Kong

 

Dear Sir/Madam,

 

Re: Globavend Holdings Limited (the “Company”)

 

We have acted as special Cayman Islands legal counsel to the Company in connection with a registration statement on form F-1 to be filed with the U.S. Securities and Exchange Commission (the “Commission”) on or about the date hereof (the “Registration Statement”, which term does not include any other document or agreement whether or not specifically referred to therein or attached as an exhibit or schedule thereto) relating to the registration under the U.S. Securities Act of 1933, as amended, (the “Securities Act”) of up to a maximum of US$20 million worth of ordinary shares of par value US$0.001 each of the Company (the “Ordinary Shares”)(representing approximately [•] Ordinary Shares based on the closing price of the Ordinary Shares on the Nasdaq Capital Market, LLC on [•] 2024), 306,123 Ordinary Shares as initial commitment shares and up to 306,123 additional Ordinary Shares as true-up shares to be issued by the Company in accordance with the terms of an equity purchase agreement, dated as of 15 March 2024, by and between the Company and Square Gate Capital Master Fund, LLC (the “Investor”).

 

1.DOCUMENTS REVIEWED

 

For the purposes of giving this opinion, we have examined and relied upon copies of the following documents:

 

1.1a copy of the Registration Statement; and
  
1.2a draft of the preliminary prospectus (the “Prospectus”) contained in the Registration Statement which is in substantially final form.

 

We have also reviewed copies of:

 

1.3the memorandum of association and articles of association of the Company adopted at the time of incorporation of the Company, each certified by the sole director of the Company on 23 August 2023;

 

 
 

 

1.4the written resolutions of the directors of the Company dated [●] 2024 (collectively, the “Resolutions”);
  
1.5the amended and restated memorandum of association and amended and restated articles of association of the Company conditionally adopted on 18 August 2023, each certified by the sole director of the Company on 23 August 2023 (the “Listing M&As”);
  
1.6a Certificate of Good Standing issued by the Registrar of Companies in relation to the Company on [●] 2024 (the “Certificate Date”); and
  
1.7such other documents and made such enquiries as to questions of law as we have deemed necessary in order to render the opinion set forth below.

 

2ASSUMPTIONS

 

We have assumed:

 

2.1the genuineness and authenticity of all signatures and the conformity to the originals of all copies (whether or not certified) examined by us and the authenticity and completeness of the originals from which such copies were taken;
  
2.2that where a document has been examined by us in draft form, it will be or has been executed and/or filed in the form of that draft, and where a number of drafts of a document have been examined by us all changes thereto have been marked or otherwise drawn to our attention;
  
2.3the accuracy and completeness of all factual representations made in the Registration Statement, the Prospectus and other documents reviewed by us;
  
2.4that the Resolutions were passed at one or more duly convened, constituted and quorate meetings or by unanimous written resolutions, will remain in full force and effect and will not be rescinded or amended;
  
2.5that the Listing M&As are in full force and effect and will not be amended in any manner that would affect the opinions expressed herein;
  
2.6that there is no provision of the law of any jurisdiction, other than the Cayman Islands, which would have any implication in relation to the opinions expressed herein;
  
2.7that upon the issue of any Ordinary Shares, the Company will receive consideration for the full issue price thereof which shall be equal to at least the par value thereof;
  
2.8the capacity, power and authority of all parties other than the Company to enter into and perform their obligations under any and all documents entered into by such parties in connection with the issuance of the Ordinary Shares, and the due execution and delivery thereof by each party thereto;
  
2.9the validity and binding effect under the laws of the United States of America of the Registration Statement and the Prospectus and that the Registration Statement will be duly filed with or declared effective by the Commission;
  
2.10the Company has or will have sufficient authorised but unissued Ordinary Shares to facilitate the issue of Ordinary Shares as contemplated by the Resolutions and the Registration Statement; and

 

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2.11that the Prospectus, when published, will be in substantially the same form as that examined by us for purposes of this opinion.

 

3QUALIFICATIONS

 

3.1We have made no investigation of and express no opinion in relation to the laws of any jurisdiction other than the Cayman Islands.
  
3.2This opinion is to be governed by and construed in accordance with the laws of the Cayman Islands and is limited to and is given on the basis of the current law and practice in the Cayman Islands.

 

4OPINION

 

On the basis of and subject to the foregoing, we are of the opinion that:

 

4.1The Company is duly incorporated and existing under the laws of the Cayman Islands and, based on the Certificate of Good Standing, is in good standing as at the Certificate Date. Pursuant to the Companies Act (the “Act”), a company is deemed to be in good standing if all fees and penalties under the Act have been paid and the Registrar of Companies has no knowledge that the company is in default under the Act.
  
4.2When issued and paid for as contemplated by the Resolutions and the Registration Statement and registered in the register of members of the Company, the Ordinary Shares will be validly issued, fully paid and non-assessable (which term when used herein means that no further sums are required to be paid by the holders thereof in connection with the issue of such shares).
  
4.3The statements under the caption “Material Income Tax Consideration - Cayman Islands Taxation” in the Prospectus forming part of the Registration Statement, to the extent that they constitute statements of Cayman Islands law, are accurate in all material respects and that such statements constitute our opinion.

 

We hereby consent to the filing of this opinion as an exhibit to the Registration Statement and to the references to our firm under the captions “Enforceability of Civil Liabilities” and “Legal Matters” in the Prospectus forming a part of the Registration Statement. In giving this consent, we do not hereby admit that we are within the category of persons whose consent is required under Section 7 of the Securities Act or the Rules and Regulations of the Commission promulgated thereunder.

 

Yours faithfully,

 

Conyers Dill & Pearman

 

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