NEW YORK, June 15, 2026 /PRNewswire/ -- PAVS (NASDAQ:PAVS) (the &#34;Company&#34;), a consumer products and digital commerce solutions company, today announced that it has entered into a definitive agreement with certain

<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">June 15, 2026</span> /PRNewswire/ -- PAVS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PAVS">PAVS</a>) (the &#34;Company&#34;), a consumer products and digital commerce solutions company, today announced that it has entered into a definitive agreement with certain institutional investors for a registered direct offering of an aggregate of 50,000,000 Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) at a purchase price of $0.20 per share. The gross proceeds to the Company from the offering are expected to be approximately $10 million, before deducting offering expenses.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS1766377/pavs-logo_Logo.jpg?id=OA2717881" title="" alt=""></img>
                </p>
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<p xmlns="http://www.w3.org/1999/xhtml">The offering is expected to close on or about June 16, 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 evaluating and pursuing strategic acquisition opportunities in the consumer products, wellness, fitness, lifestyle, and digital commerce sectors, and 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 exclusive financial advisor to the Company.</p><p xmlns="http://www.w3.org/1999/xhtml">The Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares 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. 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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov/" target="_blank" rel="nofollow"><i xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">www.sec.gov</u></i></a>. 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>.</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. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PAVS">PAVS</a>) is a consumer products and digital commerce solutions company. 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; &#34;will,&#34; &#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/" target="_blank" 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=CN84006&amp;sd=2026-06-15"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/pavs-announces-pricing-of-a-10-million-registered-direct-offering-of-class-a-ordinary-shares-and-pre-funded-warrants-302800663.html" target="_blank">https://www.prnewswire.com/news-releases/pavs-announces-pricing-of-a-10-million-registered-direct-offering-of-class-a-ordinary-shares-and-pre-funded-warrants-302800663.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Paranovus Entertainment Technology Ltd</p>

PAVS

PAVS Announces Pricing of a $10 Million Registered Direct Offering of Class A Ordinary Shares and Pre-Funded Warrants

PAVS raises $10M via direct offering to fund strategic acquisitions

NEW YORK, June  15, 2026  (GLOBE NEWSWIRE) -- PAVS (NASDAQ:PAVS) (the &#34;Company&#34;), a consumer products and digital commerce solutions company, today announced that it has entered into a definitive agreement with

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>NEW YORK, June 15, 2026 /PRNewswire/ -- PAVS (NASDAQ:PAVS) (the &amp;#34;Company&amp;#34;), a consumer products and digital commerce solutions company, today announced that it has entered into a definitive agreement with certain</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Paranovus Entertainment Technology Ltd. (PAVS) announced a registered direct offering of 50 million Class A shares at $0.20, targeting roughly $10 million. Proceeds will fund potential acquisitions in consumer products, wellness, fitness, lifestyle, and digital commerce, along with working capital. The deal offers near-term dilution risk, though strategic acquisitions could drive long-term value if integration succeeds.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>PAVS to raise $10M via direct offering of 50M Class A shares at $0.20.</li><li>Close expected on or about June 16, 2026, subject to closing conditions.</li><li>Proceeds for pursuing strategic acquisitions in consumer/wellness/digital commerce, plus working capital.</li><li>A.G.P./Alliance Global Partners is exclusive financial advisor.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Paranovus Entertainment Technology Ltd (PAVS)</strong>: Announced the registered direct offering; the plan includes dilution risk to existing shareholders.</li><li><strong>A.G.P./Alliance Global Partners (N/A)</strong>: Exclusive financial advisor to PAVS; involvement may influence terms but not a separate market-listed entity.</li><li><strong>Bomie Wookoo Inc. (N/A)</strong>: Acquisition target/partner context; part of PAVS’ strategic transformation.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>Category: Corporate Developments. The article details a financing move that dilutes equity but funds potential acquisitions, a key driver of near-term volatility and longer-term growth potential if acquisitions materialize.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Dilution risk from 50M new Class A shares at $0.20.</li><li>Close expected around June 16, 2026; near-term price action likely muted.</li><li>Proceeds to fund acquisitions in consumer/wellness/digital commerce.</li><li>Advisor: A.G.P./Alliance Global Partners; SEC shelf filing referenced.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Offering size: 50,000,000 Class A ordinary shares or pre-funded warrants.</li><li>Purchase price: $0.20 per share; gross proceeds about $10 million.</li><li>Closing date: on or about June 16, 2026.</li><li>Use of proceeds: evaluating/acquiring opportunities in consumer products, wellness, fitness, lifestyle, and digital commerce; working capital.</li><li>Advisor: A.G.P./Alliance Global Partners; Form F-3 shelf, File No. 333-291788.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term dilution pressure could weigh on PAVS within days-weeks; long-term upside hinges on execution of announced acquisitions over 12–24 months.</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">June 15, 2026</span> /PRNewswire/ -- PAVS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PAVS">PAVS</a>) (the &#34;Company&#34;), a consumer products and digital commerce solutions company, today announced that it has entered into a definitive agreement with certain institutional investors for a registered direct offering of an aggregate of 50,000,000 Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) at a purchase price of $0.20 per share. The gross proceeds to the Company from the offering are expected to be approximately $10 million, before deducting offering expenses.</p>
    <div xmlns="http://www.w3.org/1999/xhtml" class="PRN_ImbeddedAssetReference" id="DivAssetPlaceHolder1">
                <p xmlns="http://www.w3.org/1999/xhtml">
                    <img xmlns="http://www.w3.org/1999/xhtml" src="https://mmx.prnewswire.com/media/MS1766377/pavs-logo_Logo.jpg?id=OA2717881" title="" alt=""></img>
                </p>
    </div>
<p xmlns="http://www.w3.org/1999/xhtml">The offering is expected to close on or about June 16, 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 evaluating and pursuing strategic acquisition opportunities in the consumer products, wellness, fitness, lifestyle, and digital commerce sectors, and 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 exclusive financial advisor to the Company.</p><p xmlns="http://www.w3.org/1999/xhtml">The Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares 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. 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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://www.sec.gov/" target="_blank" rel="nofollow"><i xmlns="http://www.w3.org/1999/xhtml"><u xmlns="http://www.w3.org/1999/xhtml">www.sec.gov</u></i></a>. 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>.</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. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PAVS">PAVS</a>) is a consumer products and digital commerce solutions company. 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; &#34;will,&#34; &#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/" target="_blank" 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=CN84006&amp;sd=2026-06-15"></img> View original content to download multimedia:<a xmlns="http://www.w3.org/1999/xhtml" id="PRNURL" rel="nofollow" href="https://www.prnewswire.com/news-releases/pavs-announces-pricing-of-a-10-million-registered-direct-offering-of-class-a-ordinary-shares-and-pre-funded-warrants-302800663.html" target="_blank">https://www.prnewswire.com/news-releases/pavs-announces-pricing-of-a-10-million-registered-direct-offering-of-class-a-ordinary-shares-and-pre-funded-warrants-302800663.html</a></p><p xmlns="http://www.w3.org/1999/xhtml">SOURCE Paranovus Entertainment Technology Ltd</p>

Paranovus Entertainment Technology Ltd. (PAVS) announced a registered direct offering of 50 million Class A shares at $0.20, targeting roughly $10 million. Proceeds will fund potential acquisitions in consumer products, wellness, fitness, lifestyle, and digital commerce, along with working capital. The deal offers near-term dilution risk, though strategic acquisitions could drive long-term value if integration succeeds.

PAVS Announces Pricing of a $10 Million Registered Direct Offering of Class A Ordinary Shares and Pre-Funded Warrants

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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