NEW YORK, March 24, 2026 /PRNewswire/ -- Paranovus Entertainment Technology Limited (NASDAQ:PAVS) today announced that it has entered into a definitive agreement with a single institutional investor for a registered

<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">March 24, 2026</span> /PRNewswire/ -- Paranovus Entertainment Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PAVS">PAVS</a>) today announced that it has entered into a definitive agreement with a single institutional investor for a registered direct offering priced at-the-market under Nasdaq Rules of an aggregate of 14,285,715 Class A ordinary shares (or Class A ordinary share equivalents in lieu thereof) at a purchase price of $0.35 per share. The gross proceeds to the Company from the offering are expected to be approximately $5 million, before deducting placement agent commissions and other offering expenses.</p>
<p xmlns="http://www.w3.org/1999/xhtml">The offering is expected to close on or about March 25, 2026, subject to the satisfaction of customary closing conditions.</p><p xmlns="http://www.w3.org/1999/xhtml">The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.</p><p xmlns="http://www.w3.org/1999/xhtml">A.G.P./Alliance Global Partners is acting as the financial advisor for the offering.</p><p xmlns="http://www.w3.org/1999/xhtml">The Class A ordinary shares (or Class A ordinary shares equivalents in lieu thereof) are being offered and sold pursuant to a prospectus supplement to be filed with the Securities and Exchange Commission (&#34;SEC&#34;) in connection with a takedown from the Company&#39;s shelf registration statement on Form F-3 (File No. 333-291788), which was declared effective by the Securities and Exchange Commission (&#34;SEC&#34;) on December 3, 2025. The offering is being made only by means of a prospectus supplement and accompanying prospectus which are a part of the effective registration statement. The warrants will be issued in a concurrent private placement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC&#39;s website at <i xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml"><a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov" rel="nofollow">www.sec.gov</a></u></i>. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:prospectus@allianceg.com" target="_blank" rel="nofollow"><i xmlns="http://www.w3.org/1999/xhtml">prospectus@allianceg.com</i></a>. The private placement of the warrants and the ordinary shares underlying the warrants offered to the institutional investor(s) will be made in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the &#34;Securities Act&#34;), and Regulation D promulgated thereunder. Accordingly, the securities issued in the concurrent private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.</p><p xmlns="http://www.w3.org/1999/xhtml">This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Paranovus Entertainment Technology Limited</b></p><p xmlns="http://www.w3.org/1999/xhtml">Paranovus Entertainment Technology Ltd. focuses e-commerce and TikTok-related e-commerce solutions through its subsidiaries. In March 2025, the Company completed the acquisition of the controlling equity interests of Bomie Wookoo Inc., a New York company that offers e-commerce solutions. As part of its strategic transformation, Paranovus has exited its legacy businesses, including the e-commerce, internet information, and advertising businesses in September 2023 and ceased its automobile sales business in July 2024.</p><p xmlns="http://www.w3.org/1999/xhtml">For more information on our latest innovations and developments, visit <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.pavs.ai/" target="_blank" rel="nofollow">https://www.pavs.ai/</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as &#34;may, &#34;will, &#34;intend,&#34; &#34;should,&#34; &#34;believe,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;project,&#34; &#34;estimate&#34; or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company&#39;s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company&#39;s goals and strategies; the Company&#39;s future business development; the Company&#39;s future acquisition opportunities; the Company&#39;s ability to identify any acquisition opportunities that fit with our business strategies; the Company&#39;s ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company&#39;s filings with the U.S. Securities and Exchange Commission, which are available for review at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov" rel="nofollow">www.sec.gov</a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN18343&amp;sd=2026-03-24"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/paranovus-entertainment-technology-limited-announces-pricing-of-5-million-registered-direct-offering-at-the-market-under-nasdaq-rules-302723887.html" target="_blank">https://www.prnewswire.com/news-releases/paranovus-entertainment-technology-limited-announces-pricing-of-5-million-registered-direct-offering-at-the-market-under-nasdaq-rules-302723887.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Paranovus Entertainment Technology Ltd.</p>

PAVS

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

PAVS Announces $5 Million Registered Direct Offering at Market Price

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, March 24, 2026 /PRNewswire/ -- Paranovus Entertainment Technology Limited (NASDAQ:PAVS) today announced that it has entered into a definitive agreement with a single institutional investor for a registered</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Paranovus Entertainment Technology Limited (PAVS) disclosed a $5 million registered direct offering, issuing 14,285,715 shares at $0.35 each. The capital raised will be directed towards working capital and corporate needs, closing around March 25, 2026.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>PAVS announced a $5 million direct offering at $0.35 per share.</li><li>The offering involves 14,285,715 Class A ordinary shares.</li><li>Proceeds will support working capital and corporate purposes.</li><li>Closing of the offering is expected by March 25, 2026.</li><li>AGP/Alliance Global Partners is the financial advisor for this deal.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>AGP/Alliance Global Partners (N/A)</strong>: Advising on the placement adds credibility to the offering.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This falls under &#039;Corporate Developments&#039; as it involves a significant equity offering to secure financial resources. Such developments are crucial for maintaining operational liquidity and growth strategies.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The $5 million raise may dilute existing shares, impacting price.</li><li>The timely closing of the offering could provide positive momentum.</li><li>Investor confidence may shift based on use of the proceeds.</li><li>Market reaction will depend on stock price stabilization post-offering.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering price is $0.35 per share.</li><li>Total shares offered: 14,285,715.</li><li>Expected proceeds: approximately $5 million.</li><li>Closing date anticipated around March 25, 2026.</li><li>Previous offering&#039;s registration was effective as of December 3, 2025.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Consider PAVS as a speculative buying opportunity in the near term based on growth funding.</p>
  </section>
</section>


<p xmlns="http://www.w3.org/1999/xhtml"><span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">NEW YORK</span>, <span xmlns="http://www.w3.org/1999/xhtml" class="legendSpanClass">March 24, 2026</span> /PRNewswire/ -- Paranovus Entertainment Technology Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PAVS">PAVS</a>) today announced that it has entered into a definitive agreement with a single institutional investor for a registered direct offering priced at-the-market under Nasdaq Rules of an aggregate of 14,285,715 Class A ordinary shares (or Class A ordinary share equivalents in lieu thereof) at a purchase price of $0.35 per share. The gross proceeds to the Company from the offering are expected to be approximately $5 million, before deducting placement agent commissions and other offering expenses.</p>
<p xmlns="http://www.w3.org/1999/xhtml">The offering is expected to close on or about March 25, 2026, subject to the satisfaction of customary closing conditions.</p><p xmlns="http://www.w3.org/1999/xhtml">The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.</p><p xmlns="http://www.w3.org/1999/xhtml">A.G.P./Alliance Global Partners is acting as the financial advisor for the offering.</p><p xmlns="http://www.w3.org/1999/xhtml">The Class A ordinary shares (or Class A ordinary shares equivalents in lieu thereof) are being offered and sold pursuant to a prospectus supplement to be filed with the Securities and Exchange Commission (&#34;SEC&#34;) in connection with a takedown from the Company&#39;s shelf registration statement on Form F-3 (File No. 333-291788), which was declared effective by the Securities and Exchange Commission (&#34;SEC&#34;) on December 3, 2025. The offering is being made only by means of a prospectus supplement and accompanying prospectus which are a part of the effective registration statement. The warrants will be issued in a concurrent private placement. A prospectus supplement and the accompanying prospectus relating to the registered direct offering will be filed with the SEC and will be available on the SEC&#39;s website at <i xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml"><a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov" rel="nofollow">www.sec.gov</a></u></i>. Additionally, when available, electronic copies of the prospectus supplement and the accompanying prospectus may be obtained from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at <a xmlns="http://www.w3.org/1999/xhtml" href="mailto:prospectus@allianceg.com" target="_blank" rel="nofollow"><i xmlns="http://www.w3.org/1999/xhtml">prospectus@allianceg.com</i></a>. The private placement of the warrants and the ordinary shares underlying the warrants offered to the institutional investor(s) will be made in reliance on an exemption from registration under Section 4(a)(2) of the Securities Act of 1933, as amended (the &#34;Securities Act&#34;), and Regulation D promulgated thereunder. Accordingly, the securities issued in the concurrent private placement may not be offered or sold in the United States except pursuant to an effective registration statement or an applicable exemption from the registration requirements of the Securities Act and such applicable state securities laws.</p><p xmlns="http://www.w3.org/1999/xhtml">This press release shall not constitute an offer to sell or the solicitation of an offer to buy any of the securities described herein, nor shall there be any sale of these securities in any state or other jurisdiction in which such offer, solicitation, or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or other jurisdiction.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">About Paranovus Entertainment Technology Limited</b></p><p xmlns="http://www.w3.org/1999/xhtml">Paranovus Entertainment Technology Ltd. focuses e-commerce and TikTok-related e-commerce solutions through its subsidiaries. In March 2025, the Company completed the acquisition of the controlling equity interests of Bomie Wookoo Inc., a New York company that offers e-commerce solutions. As part of its strategic transformation, Paranovus has exited its legacy businesses, including the e-commerce, internet information, and advertising businesses in September 2023 and ceased its automobile sales business in July 2024.</p><p xmlns="http://www.w3.org/1999/xhtml">For more information on our latest innovations and developments, visit <a xmlns="http://www.w3.org/1999/xhtml" href="https://www.pavs.ai/" target="_blank" rel="nofollow">https://www.pavs.ai/</a>.</p><p xmlns="http://www.w3.org/1999/xhtml"><b xmlns="http://www.w3.org/1999/xhtml">Forward-Looking Statements</b></p><p xmlns="http://www.w3.org/1999/xhtml">This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as &#34;may, &#34;will, &#34;intend,&#34; &#34;should,&#34; &#34;believe,&#34; &#34;expect,&#34; &#34;anticipate,&#34; &#34;project,&#34; &#34;estimate&#34; or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company&#39;s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company&#39;s goals and strategies; the Company&#39;s future business development; the Company&#39;s future acquisition opportunities; the Company&#39;s ability to identify any acquisition opportunities that fit with our business strategies; the Company&#39;s ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company&#39;s filings with the U.S. Securities and Exchange Commission, which are available for review at <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov" rel="nofollow">www.sec.gov</a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.</p>



<p xmlns="http://www.w3.org/1999/xhtml" id="PURL"><img xmlns="http://www.w3.org/1999/xhtml" title="Cision" width="12" height="12" alt="Cision" src="https://edge.prnewswire.com/c/img/favicon.png?sn=CN18343&amp;sd=2026-03-24"></img> View original content:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/paranovus-entertainment-technology-limited-announces-pricing-of-5-million-registered-direct-offering-at-the-market-under-nasdaq-rules-302723887.html" target="_blank">https://www.prnewswire.com/news-releases/paranovus-entertainment-technology-limited-announces-pricing-of-5-million-registered-direct-offering-at-the-market-under-nasdaq-rules-302723887.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Paranovus Entertainment Technology Ltd.</p>

Paranovus Entertainment Technology Limited (PAVS) disclosed a $5 million registered direct offering, issuing 14,285,715 shares at $0.35 each. The capital raised will be directed towards working capital and corporate needs, closing around March 25, 2026.

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

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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