Caravelle International Group

Caravelle International Group operates as a holding company in the global ocean technology industry. Its business consists of two sectors: : the traditional business in international shipping and the new CO-Tech business. The CO-Tech business is a new development building upon the existing shipping business. It enables wood desiccation during the maritime shipping process, with full utilization of the shipping time, space, and the waste heat of exhaust gas from the shipping vessels. The company is headquartered in Singapore.

Earnings data Q2 2023

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Caravelle International Group operates as a holding company in the global ocean technology industry. Its business consists of two sectors: : the traditional business in international shipping and the new CO-Tech business. The CO-Tech business is a new development building upon the existing shipping business. It enables wood desiccation during the maritime shipping process, with full utilization of the shipping time, space, and the waste heat of exhaust gas from the shipping vessels. The company was founded in 2021 and is headquartered in Singapore.

SINGAPORE , Sept. 25, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that its ordinary shares will begin trading on NASDAQ under the ticker symbol 'HTCO' prior to market open on September 30, 2024.

Caravelle International Group to Change Ticker Symbol to 'HTCO' on September 30, 2024

SINGAPORE , Sept. 9, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced its audited financial results for the fiscal year ended October 31, 2023.

Caravelle International Group Announces Financial Results for Fiscal Year 2023

SINGAPORE , Aug. 8, 2024 /PRNewswire/ -- Caravelle International Group (the "Company", Nasdaq: CACO), a global ocean technology company, today announced that it has entered some agreements ( the "Agreements") with two institutional investors (the "Investors") to terminate all terms and provisions of the Securities Purchase Agreement and other related transaction agreements dated January 5, 2024 (the "Securities Purchase Agreement"), pursuant to which the Company will buy back the $1.5 million Senior Secured Original Issue 15% Discount Convertible Promissory Note (the "Note") and the Investors' rights to purchase a certain number of the Company's Common Shares (the "Warrants") have been cancelled and terminated. On August 5, 2024, the Company and the Investors entered into a  Note and Warrant Purchase and Settlement Agreement and a Termination Agreement, pursuant to which the Company will pay the Investors $1.375 million and will issue 300,000 ordinary shares of the Company to the Investors.

Caravelle International Group Announces a Note and Warrant Purchase and Settlement Agreement

SINGAPORE , Aug. 6, 2024 /PRNewswire/ -- On July 26, 2024, Caravelle International Group (the "Company") received a deficiency letter (the "Nasdaq Bid Price Deficiency Letter") from Nasdaq notifying the Company that, for the last 33 consecutive business days, the closing bid price for the Company's ordinary shares has been below the minimum $1.00 per share required for continued listing on The Nasdaq Capital Market pursuant to Nasdaq Listing Rule 5550(a)(2). The Nasdaq Bid Price Deficiency Letter has no immediate effect on the listing of the Company's common stock, and its common stock will continue to trade on The Nasdaq Capital Market under the symbol "CACO" at this time.

CARAVELLE INTERNATIONAL GROUP ANNOUNCES RECEIPT OF NASDAQ NOTIFICATION REGARDING MINIMUM BID PRICE DEFICIENCY

SINGAPORE , June 11, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a leading global marine technology company received the determination letter on June 10 from Nasdaq (the "Determination Letter") that for the 17 consecutive business days, from May 15, 2024, to June 7, 2024, the closing bid price of the Company's ordinary shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with the Minimum Bid Requirement and this matter is now closed.

Caravelle International Group Regained Compliance with the Minimum Bid Requirement

SINGAPORE , April 25, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a leading global marine technology group of companies, today announced that it has signed a Memorandum of Understanding (MoU) with the Ministry of Water and Forestry of Gabon on the development of a critical timber processing and marketing technology for the transportation, processing and sale of timber. This initiative is another important step in preparation for the drying of timber on the same carrier as the transportation of manganese ore.

Caravelle Lays the Groundwork for Innovative Business in Mixed Transportation and Drying Wood by Signing a MoU with the Government of Gabon

SINGAPORE , April 18, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a leading global marine technology group of companies, today announced the signing of an innovative manganese ore sourcing agreement with CUEX Metal AG ("CUEX"), a leading provider of services to the global steel, foundry and smelting industries. This partnership not only ensures CUEX's stability in the global manganese ore supply chain, but also marks a substantial step forward in the cooperation between the two companies in the wood drying business.

CUEX Metal AG and Caravelle International Group Sign Innovative Manganese Ore Purchase Agreement to Advance Wood Drying Business

SINGAPORE , March 29, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that it received a notice from The Nasdaq Stock Market LLC (Nasdaq) indicating that, as a result of not having timely filed its Annual Report on Form 20-F for the fiscal year ended Oct 31, 2023, the Company is not in compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of all required periodic financial reports with the Securities and Exchange Commission. The Notice has no immediate impact on the listing of the Company's securities, which will continue to trade on Nasdaq, subject to the Company's compliance with the other continued listing requirements of Nasdaq.

Caravelle International Group Announces Receipt of Nasdaq Deficiency Notice

SINGAPORE , March 4, 2024 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, is excited to announce a significant leap forward in its operational capabilities with the full commissioning stage of its pioneering wood drying ship. This innovative venture marks a significant milestone in the company's commitment to leveraging sustainable technologies and processes.

Caravelle International Group Announces Major Milestone in Innovation: The Launch of Wood Drying Ship

SINGAPORE , Feb. 29, 2024 /PRNewswire/ -- Caravelle International Group (the "Company", Nasdaq: CACO), a trailblazing global ocean technology company, today announced its unaudited and unreviewed financial results for the six months ended April 30, 2023. Half year 2023 Financial Highlights Six Months Ended   Year-over- April 30, April 30, Year % In millions, except percentages 2023 2022 Change Total revenues $ 45.10 $ 96.67 (53.35) % Gross margin 7.51 % 22.54 % (66.68) % Income from operation $ 1.36 $ 20.13 (93.24) % Net income $ 1.35 20.15 (93.30) %   April 30, October 31, In millions 2023 2022 Cash, cash equivalents and restricted cash                  $ 9.62 $ 21.57 Mr.

Caravelle Reports Half Year 2023 Financial Results

--Milestone Initiative on Ocean Carbon Neutral Sustainability with Fortune 500 CEOs and ESG Leaders SINGAPORE , Jan. 24, 2024 /PRNewswire/ -- Dr Guohua Zhang, Chairman and CEO of Caravelle International Group (Nasdaq: CACO) , the world's leading ocean carbon neutral technology company, was invited to Davos Summit 2024 in Switzerland to participate in the Climate Technology and World Sustainability Forum, and had a discussion with a number of Fortune 500 CEOs and ESG leaders on how to better embed social and economic value into the global sustainability framework and jointly advocated that we will work together to promote and support the balanced development of carbon neutral projects in the ocean. Dr.Zhang Guohua met with Mr.

Caravelle's Chairman of the Board and CEO, Dr. Guohua Zhang, invited to Davos Summit 2024

SINGAPORE , Jan. 10, 2024 /PRNewswire/ -- Caravelle International Group (the "Company", Nasdaq: CACO), a trailblazing global ocean technology company, today announced that it has entered into a securities purchase agreement with two institutional investors (the "Investors") on January 5, 2024 to issue and sell $1.5 million of securities as an advance payment for the initial tranche of $3.3 million in a private placement of up to $6.8 million which closed on January 10, 2024. The remaining $1.8 million of the initial tranche shall be paid to the Company upon satisfaction of certain post-closing conditions as set forth in the securities purchase agreement.

Caravelle International Group Announces a Private Placement of up to $6.8 Million

SINGAPORE , Nov. 17, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, today announced that it has received a notification from the Nasdaq Stock Market LLC ("Nasdaq") regarding its compliance status. The notice, received on November 14, 2023, indicates that Caravelle International Group has not filed its interim financial statements for the six-month period ended April 30, 2023, and as a result, is currently non compliant with Nasdaq's Listing Rules for continued listing.

Caravelle International Group Announces Receipt of Nasdaq Notification and Outlines Compliance Plan

SINGAPORE , Oct. 12, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a trailblazing global ocean technology company, is thrilled to announce the signing of a Bareboat Charter Agreement with Kanda Shipping Co. Ltd. This strategic move is not merely a fleet expansion; it marks the company's drive to retrofit its newly leased bulk transport ship with the transformative Co-Tech wood drying equipment.

Navigating Future Profits: Caravelle's New Ship & Proprietary Carbon Reduction Tech Set to Surge Revenue and Profit Margins

SINGAPORE , Aug. 29, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), confirming that the Company has regained compliance with Nasdaq's filing requirement set forth in Listing Rule 5250(c)(1). As previously reported, the Company received a deficiency notice from Nasdaq on May 10, 2023, due to the delay in filing its Annual Report on Form 20-F for the fiscal year ended October 31, 2022.

Caravelle International Group Regains Compliance with Nasdaq Filing Requirement

Audited revenue for 2022 of $185.3 million, up from $122.0 million in 2021, marking a 51.9% growth. Caravelle earned $12.2 million in 2022 vs.

Caravelle International Group Announces Audited Financial Results for 2022 with 51.9% Revenue Growth and 118.2% Increase in EPS

SINGAPORE , July 21, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that it has received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), granting the Company an extension to regain compliance with Nasdaq's filing requirements set forth in Listing Rule 5250(c)(1). As previously reported, the Company received a deficiency notice from Nasdaq on May 10, 2023, due to the delay in filing its Annual Report on Form 20-F for the fiscal year ended October 31, 2022.

Caravelle International Group Granted Extension by Nasdaq to Regain Compliance with Filing Requirements

SINGAPORE , May 25, 2023 /PR Newswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced it has signed a supply agreement with South African company Best Polystyrene. Over the next two years, Caravelle will supply 50,000 cubic meters of wood from its processing facility in Gabon, West Africa, with an estimated revenue of $25 million.

CARAVELLE INTERNATIONAL GROUP SIGNS $25 MILLION SUPPLY AGREEMENT TO DELIVER 50,000 CUBIC METERS OF WOOD TO SOUTH AFRICA

Acquisition could add $150 million in revenue and $30 million in profit when operating at full-scale SINGAPORE , April 26, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that the Company's CEO Dr. Guohua Zhang has sold Penxing Gabon SARL to Caravelle for $1.  Penxing Gabon SARL owns and operates a sawmill and laminate wood flooring manufacturing facilities in Gabon, Africa capable of producing 100,000 cubic meters of sawn timber and 2.5 million square meters of wood flooring per year.

Caravelle International Group's CEO Sells Company His Sawmill and Laminate Wood Flooring Factories Valued at $30 Million for $1

This deal marks the commercial launch of Caravelle's revolutionary CO-Tech lumber drying in transit service SINGAPORE , April 3, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq: CACO), a global ocean technology company, today announced that the Company, through its Singapore Garden Technology subsidiary, has signed a 3-year procurement contract with Bestwood Joinery worth $60 million. According to the terms of the procurement contract, Caravelle will source 120,000 cubic meters of various species of lumber from Indonesia, transport the lumber to Bestwood Joinery in Cape Town, South Africa, and dry the wood in transit using Caravelle's revolutionary CO-Tech technology using only recycled heat from the ship's engine.

Caravelle International Group Announces 3-Year Procurement Contract with Bestwood Joinery Worth $60 Million

SINGAPORE , March 22, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a global ocean technology company, today announced that the company has unveiled a new corporate website and investor presentation. The new website is an excellent resource for new potential customers and investors to learn about the Company and how it is making the shipping and lumber industries more environmentally sustainable and profitable.

Caravelle International Group Announces New Corporate Website and Investor Presentation

Caravelle estimates partnership could generate $200 million in revenue within several years U.S. partner to fund construction of the mill NEW YORK , March 2, 2023 /PRNewswire/ -- Caravelle International Group (Nasdaq:CACO), a global ocean technology company, today announced that the company has established a partnership with a U.S. corporation to manufacture wood products in Gabon, Africa for export to the United States and that the government of Gabon has granted the partnership use of 165 acres of land for the location of the lumber mill. The mill will produce wood laminate flooring, plywood, and other wood products.

Caravelle International Group Partners with U.S. Firm to Export Wood Products from Gabon, Africa to the U.S.

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Caravelle (NASDAQ: CACO ) stock is on the move Wednesday as the company's shares see extreme volatility following their public debut. CACO stock has been on a wild ride after completing its special purpose acquisition company (SPAC) merger with Pacifico at the start of the week.

What Is Going on With Caravelle (CACO) Stock Today?

Pacifico Acquisition Corp

NEW YORK , Dec. 19, 2022 /PRNewswire/ -- Caravelle International Group ("Caravelle"), a global ocean technology company, today announced that the company has begun trading on the NASDAQ under the ticker symbol CACO following the successful completion of the business combination with Pacifico Acquisition Corp. "I am thrilled to begin trading on the NASDAQ and welcome all of our new investors," said Dr. Guohua Zhang, Chief Executive Officer of Caravelle. "We have a strong legacy as a growing and profitable shipping company.

News for Caravelle International Group Stock (CACO)