• $78.1M
    Market Cap
  • -99.91%
    1-Year Change
  • Packaged Foods
    Industry

Key Performance

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  • Earnings Score: N/A
  • Momentum Score: 55
  • True Yield: N/A
  • Financial Health Score: N/A
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Latest Research & News

Paranovus Entertainment Technology Limited Announces Pricing of $5 Million Registered Direct Offering At-The-Market Under NASDAQ Rules

Paranovus Entertainment Technology Limited (NASDAQ: PAVS) announced a registered direct offering of approximately 14.3 million Class A ordinary shares at $0.35 per share, raising $5 million in gross proceeds. The offering is expected to close on March 25, 2026, with net proceeds intended for working capital and general corporate purposes. A.G.P./Alliance Global Partners is serving as financial advisor.

03/24/2026, 3:09 PM • Benzinga

Why Paranovus (PAVS) Stock Shot Up 54% Overnight?

Paranovus Entertainment (NASDAQ: PAVS) stock surged 53.6% in after-hours trading to $0.46 following the company's announcement of terminating its at-the-market offering sales agreement with A.G.P./Alliance Global Partners, effective March 22, 2026. The company had sold 5,880,052 Class A shares under the agreement since October 2025. Despite the overnight jump, the stock has declined nearly 100% over the past year from a 52-week high of $140.

03/24/2026, 3:18 AM • Benzinga

Peers

Statistics

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Day Range
$1.02
$1.13
$1.05
1-Year Range
$0.02
$2.45
$1.05
Latest Close$1.05
Change
-$0.07 (-6.67%)
Volume71,579
Market Cap$78.1M
Shares Outstanding67.3M
Enterprise Value$77.8M

Information as of 06/02/2026

Company Profile

PARANOVUS ENTERTAINMENT TECHNOLOGY LTD
https://pavs.ai
$78.1M
Market Cap
-$7.9M
Net Income
Sector: Consumer Defensive
Industry: Packaged Foods
250 Park Avenue, New York, NY, United States, 10177
516 951 9074

Paranovus Entertainment Technology Ltd. operates in the artificial intelligence (AI)-powered entertainment industry. The company focuses on providing AI-driven games and applications. The company was formerly known as Happiness Development Group Limited and changed its name to Paranovus Entertainment Technology Ltd. in March 2023. Paranovus Entertainment Technology Ltd. was founded in 2004 and is based in New York, New York.

Key Executives

  • Xiaoyue Zhang
  • Ling Guo

Current Ownership Distribution

  • Other55,270 (99.40%)
  • Insiders334 (0.60%)
  • Institutions0 (0.00%)
  • Mutual Funds0 (0.00%)