Paranovus Entertainment to Effect 1-for-100 Reverse Stock Split
Paranovus Entertainment will effect a reverse share split of its outstanding Class A ordinary shares, par value 1c per share at a ratio of 1-for-100, to be effective at the open of business on Thursday, December 18. Following the reverse share split, the Class A Ordinary Shares will have a new par value of $1 per share and will continue to trade on Nasdaq under the symbol "PAVS" with the new CUSIP number, G4289N122. The reverse share split is expected to lead the company's Class A Ordinary Shares to trade at approximately 100 times the price per share at which it trades prior to the effectiveness of the reverse share split. The reverse share split is intended for the company to regain compliance with the minimum bid price requirement of $1.00 per Class A Ordinary Share for continued listing on Nasdaq. The reverse share split will reduce the number of issued and outstanding shares of the company's Class A Ordinary Shares from 350M to approximately 3.5M, subject to any adjustments resulting from the treatment of the fractional shares. On December 1, 2025, the board of directors of the company approved the reverse share split of the Class A Ordinary Shares, at a ratio of 1-for-100.
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Paranovus Regains Nasdaq Compliance, Hearing Canceled
- Compliance Restoration: Paranovus Entertainment Technology received notification on January 6, 2026, confirming compliance with Nasdaq's minimum bid price requirement under Listing Rule 5550(a)(2), ensuring continued listing and trading of its shares on Nasdaq, thus avoiding potential delisting risks.
- Hearing Cancellation: The scheduled hearing on January 29, 2026, was canceled due to the resolution of compliance issues, which not only alleviates pressure on the company's management but also provides greater flexibility for its future strategic transformation.
- Strategic Transformation: After exiting legacy businesses in September 2023, Paranovus is focusing on e-commerce and TikTok-related solutions, which is expected to enhance its market competitiveness and attract more investor interest through its new business model.
- Acquisition Integration: The completion of the acquisition of controlling equity interests in Bomie Wookoo Inc. in March 2025 further strengthens its position in the e-commerce sector, anticipated to drive future revenue growth and increase market share.
Paranovus Regains Nasdaq Compliance, Hearing Canceled
- Compliance Restoration: Paranovus Entertainment Technology received notification on January 6, 2026, from Nasdaq confirming compliance with the minimum bid price requirement under Listing Rule 5550(a)(2), thereby canceling the scheduled hearing on January 29 and ensuring continued trading of its shares on Nasdaq.
- Strategic Transformation: The company completed the acquisition of controlling equity interests in Bomie Wookoo Inc. in March 2025, focusing on e-commerce and TikTok-related solutions, which marks a successful pivot from its legacy businesses and enhances its competitive edge in the market.
- Business Exit: Paranovus exited its legacy e-commerce, internet information, and advertising businesses in September 2023 and ceased its automobile sales business in July 2024, aiming to concentrate resources on the more promising e-commerce sector and optimize resource allocation.
- Market Positioning: By focusing on e-commerce and TikTok-related solutions, Paranovus aims to leverage the rapidly growing social commerce market, enhancing brand influence and capturing opportunities arising from emerging consumer trends.
