PAVS News & Events

Paranovus Entertainment announced that on January 6, it received notification from the Nasdaq Office of General Counsel stating that the company had regained compliance with the bid price requirement as set forth in Listing Rule 5550(a)(2) and that company is therefore in compliance with the Nasdaq Capital Market's listing requirements. As a result, the scheduled hearing before the Hearings Panel on January 29 had been canceled and the matter was closed. The company's Class A ordinary shares will continue to be listed and traded on The Nasdaq Capital Market under the ticker "PAVS."

Paranovus Entertainment announced that the company received a letter from Nasdaq, notifying the company that the Nasdaq staff has determined to delist the company's Class A ordinary shares from Nasdaq because the company failed to comply with the Nasdaq Listing Rule 5810. The trading of the company's Class A ordinary shares will be suspended at the opening of business on December 29 unless the company duly requests an appeal of this determination.

Paranovus Entertainment Technology Ltd trading halted, news pending

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.