{"success":true,"data":{"pressRelease":{"id":"64134","rtpr_id":"nPn9fSLR4a","ticker":"PAVS","exchange":"NASDAQ","all_tickers":["PAVS"],"title":"PAVS Announces Pricing of a $10 Million Registered Direct Offering of Class A Ordinary Shares and Pre-Funded Warrants","author":"PR Newswire","published_at":"2026-06-15T18:31:07.722Z","article_body":"PAVS Announces Pricing of a $10 Million Registered Direct Offering of Class A Ordinary Shares and Pre-Funded Warrants\n\nPR Newswire\n\nNEW YORK, June 15, 2026\n\nNEW YORK, June 15, 2026 /PRNewswire/ -- PAVS (NASDAQ:PAVS) (the \"Company\"), a\nconsumer products and digital commerce solutions company, today announced that\nit has entered into a definitive agreement with certain institutional\ninvestors for a registered direct offering of an aggregate of 50,000,000 Class\nA ordinary shares (or pre-funded warrants to purchase Class A ordinary shares\nin lieu thereof) at a purchase price of $0.20 per share. The gross proceeds to\nthe Company from the offering are expected to be approximately $10 million,\nbefore deducting offering expenses.\n\nThe offering is expected to close on or about June 16, 2026, subject to the\nsatisfaction of customary closing conditions.\n\nThe Company intends to use the net proceeds from the offering for evaluating\nand pursuing strategic acquisition opportunities in the consumer products,\nwellness, fitness, lifestyle, and digital commerce sectors, and working\ncapital and general corporate purposes.\n\nA.G.P./Alliance Global Partners is acting as the exclusive financial advisor\nto the Company.\n\nThe Class A ordinary shares (or pre-funded warrants to purchase Class A\nordinary shares in lieu thereof) are being offered and sold pursuant to a\nprospectus supplement to be filed with the Securities and Exchange Commission\n(\"SEC\") in connection with a takedown from the Company's shelf registration\nstatement on Form F-3 (File No. 333-291788), which was declared effective by\nthe Securities and Exchange Commission (\"SEC\") on December 3, 2025. The\noffering is being made only by means of a prospectus supplement and\naccompanying prospectus which are a part of the effective registration\nstatement. A prospectus supplement and the accompanying prospectus relating to\nthe registered direct offering will be filed with the SEC and will be\navailable on the SEC's website at www.sec.gov (http://www.sec.gov/) .\nAdditionally, when available, electronic copies of the prospectus supplement\nand the accompanying prospectus may be obtained from A.G.P./Alliance Global\nPartners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone\nat (212) 624-2060, or by email at prospectus@allianceg.com\n(mailto:prospectus@allianceg.com) .\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any of the securities described herein, nor shall there be\nany sale of these securities in any state or other jurisdiction in which such\noffer, solicitation, or sale would be unlawful prior to the registration or\nqualification under the securities laws of any such state or other\njurisdiction.\n\nAbout Paranovus Entertainment Technology Limited\n\nParanovus Entertainment Technology Ltd. (Nasdaq: PAVS) is a consumer products\nand digital commerce solutions company. In March 2025, the Company completed\nthe acquisition of the controlling equity interests of Bomie Wookoo Inc., a\nNew York company that offers e-commerce solutions. As part of its strategic\ntransformation, Paranovus has exited its legacy businesses, including the\ne-commerce, internet information, and advertising businesses in September 2023\nand ceased its automobile sales business in July 2024.\n\nFor more information on our latest innovations and developments, visit\nhttps://www.pavs.ai/ (https://www.pavs.ai/) .\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ninclude statements concerning plans, objectives, goals, strategies, future\nevents or performance, and underlying assumptions and other statements that\nare other than statements of historical facts. When the Company uses words\nsuch as \"may,\" \"will,\" \"intend,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\"\n\"project,\" \"estimate\" or similar expressions that do not relate solely to\nhistorical matters, it is making forward-looking statements. Forward-looking\nstatements are not guarantees of future performance and involve risks and\nuncertainties that may cause the actual results to differ materially from the\nCompany's expectations discussed in the forward-looking statements. These\nstatements are subject to uncertainties and risks including, but not limited\nto, the following: the Company's goals and strategies; the Company's future\nbusiness development; the Company's future acquisition opportunities; the\nCompany's ability to identify any acquisition opportunities that fit with our\nbusiness strategies; the Company's ability to consummate an attractive\nacquisition and realize the benefits of such transaction; product and service\ndemand and acceptance; changes in technology; economic conditions; reputation\nand brand; the impact of competition and pricing; government regulations;\nfluctuations in general economic; and assumptions underlying or related to any\nof the foregoing and other risks contained in reports filed by the Company\nwith the U.S. Securities and Exchange Commission. For these reasons, among\nothers, investors are cautioned not to place undue reliance upon any\nforward-looking statements in this press release. Additional factors are\ndiscussed in the Company's filings with the U.S. Securities and Exchange\nCommission, which are available for review at www.sec.gov\n(http://www.sec.gov/) . The Company undertakes no obligation to publicly\nrevise these forward-looking statements to reflect events or circumstances\nthat arise after the date hereof.\n\nView original content to download\nmultimedia: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\n(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)\n\nSOURCE Paranovus Entertainment Technology Ltd\n\n\n\nFor investor and media inquiries, please contact: Michael Chen, 929.215.4832, ir@pavs.ai\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1766377/pavs-logo_Logo.jpg?id=OA2717881\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved.","article_body_html":"","raw_payload":{"data":{"id":"nPn9fSLR4a","title":"PAVS Announces Pricing of a $10 Million Registered Direct Offering of Class A Ordinary Shares and Pre-Funded Warrants","author":"PR Newswire","ticker":"PAVS","created":"2026-06-15T18:31:07.722Z","tickers":["PAVS"],"exchange":"NASDAQ","article_body":"PAVS Announces Pricing of a $10 Million Registered Direct Offering of Class A Ordinary Shares and Pre-Funded Warrants\n\nPR Newswire\n\nNEW YORK, June 15, 2026\n\nNEW YORK, June 15, 2026 /PRNewswire/ -- PAVS (NASDAQ:PAVS) (the \"Company\"), a\nconsumer products and digital commerce solutions company, today announced that\nit has entered into a definitive agreement with certain institutional\ninvestors for a registered direct offering of an aggregate of 50,000,000 Class\nA ordinary shares (or pre-funded warrants to purchase Class A ordinary shares\nin lieu thereof) at a purchase price of $0.20 per share. The gross proceeds to\nthe Company from the offering are expected to be approximately $10 million,\nbefore deducting offering expenses.\n\nThe offering is expected to close on or about June 16, 2026, subject to the\nsatisfaction of customary closing conditions.\n\nThe Company intends to use the net proceeds from the offering for evaluating\nand pursuing strategic acquisition opportunities in the consumer products,\nwellness, fitness, lifestyle, and digital commerce sectors, and working\ncapital and general corporate purposes.\n\nA.G.P./Alliance Global Partners is acting as the exclusive financial advisor\nto the Company.\n\nThe Class A ordinary shares (or pre-funded warrants to purchase Class A\nordinary shares in lieu thereof) are being offered and sold pursuant to a\nprospectus supplement to be filed with the Securities and Exchange Commission\n(\"SEC\") in connection with a takedown from the Company's shelf registration\nstatement on Form F-3 (File No. 333-291788), which was declared effective by\nthe Securities and Exchange Commission (\"SEC\") on December 3, 2025. The\noffering is being made only by means of a prospectus supplement and\naccompanying prospectus which are a part of the effective registration\nstatement. A prospectus supplement and the accompanying prospectus relating to\nthe registered direct offering will be filed with the SEC and will be\navailable on the SEC's website at www.sec.gov (http://www.sec.gov/) .\nAdditionally, when available, electronic copies of the prospectus supplement\nand the accompanying prospectus may be obtained from A.G.P./Alliance Global\nPartners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone\nat (212) 624-2060, or by email at prospectus@allianceg.com\n(mailto:prospectus@allianceg.com) .\n\nThis press release shall not constitute an offer to sell or the solicitation\nof an offer to buy any of the securities described herein, nor shall there be\nany sale of these securities in any state or other jurisdiction in which such\noffer, solicitation, or sale would be unlawful prior to the registration or\nqualification under the securities laws of any such state or other\njurisdiction.\n\nAbout Paranovus Entertainment Technology Limited\n\nParanovus Entertainment Technology Ltd. (Nasdaq: PAVS) is a consumer products\nand digital commerce solutions company. In March 2025, the Company completed\nthe acquisition of the controlling equity interests of Bomie Wookoo Inc., a\nNew York company that offers e-commerce solutions. As part of its strategic\ntransformation, Paranovus has exited its legacy businesses, including the\ne-commerce, internet information, and advertising businesses in September 2023\nand ceased its automobile sales business in July 2024.\n\nFor more information on our latest innovations and developments, visit\nhttps://www.pavs.ai/ (https://www.pavs.ai/) .\n\nForward-Looking Statements\n\nThis press release contains forward-looking statements as defined by the\nPrivate Securities Litigation Reform Act of 1995. Forward-looking statements\ninclude statements concerning plans, objectives, goals, strategies, future\nevents or performance, and underlying assumptions and other statements that\nare other than statements of historical facts. When the Company uses words\nsuch as \"may,\" \"will,\" \"intend,\" \"should,\" \"believe,\" \"expect,\" \"anticipate,\"\n\"project,\" \"estimate\" or similar expressions that do not relate solely to\nhistorical matters, it is making forward-looking statements. Forward-looking\nstatements are not guarantees of future performance and involve risks and\nuncertainties that may cause the actual results to differ materially from the\nCompany's expectations discussed in the forward-looking statements. These\nstatements are subject to uncertainties and risks including, but not limited\nto, the following: the Company's goals and strategies; the Company's future\nbusiness development; the Company's future acquisition opportunities; the\nCompany's ability to identify any acquisition opportunities that fit with our\nbusiness strategies; the Company's ability to consummate an attractive\nacquisition and realize the benefits of such transaction; product and service\ndemand and acceptance; changes in technology; economic conditions; reputation\nand brand; the impact of competition and pricing; government regulations;\nfluctuations in general economic; and assumptions underlying or related to any\nof the foregoing and other risks contained in reports filed by the Company\nwith the U.S. Securities and Exchange Commission. For these reasons, among\nothers, investors are cautioned not to place undue reliance upon any\nforward-looking statements in this press release. Additional factors are\ndiscussed in the Company's filings with the U.S. Securities and Exchange\nCommission, which are available for review at www.sec.gov\n(http://www.sec.gov/) . The Company undertakes no obligation to publicly\nrevise these forward-looking statements to reflect events or circumstances\nthat arise after the date hereof.\n\nView original content to download\nmultimedia: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\n(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)\n\nSOURCE Paranovus Entertainment Technology Ltd\n\n\n\nFor investor and media inquiries, please contact: Michael Chen, 929.215.4832, ir@pavs.ai\n\nPhoto: \nhttps://mmx.prnewswire.com/media/MS1766377/pavs-logo_Logo.jpg?id=OA2717881\n\nCopyright (c) 2026 PR Newswire Association,LLC. All Rights Reserved."},"type":"article","timestamp":"2026-06-15T18:31:07.76628849Z","server_sent_at_ms":1781548267766},"received_at":"2026-06-15T18:31:07.849Z","source_url":"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"},"analysis":{"id":"53557","press_release_id":"64134","analysis_json":{"industry":{"label":"Internet & Direct Marketing Retail","sector":"Consumer Discretionary"},"redFlags":["offering priced at $0.20/share, indicating potential listing compliance risk or severe undervaluation","use of proceeds for 'strategic acquisition opportunities' suggests lack of organic growth strategy","significant dilution: 50 million new shares issued"],"eventType":"offering","narrative":"PAVS priced a $10 million registered direct offering of 50 million Class A ordinary shares (or pre-funded warrants) at $0.20 per share.\n\nThe company intends to use the net proceeds to evaluate strategic acquisition opportunities in consumer products and digital commerce, as well as for working capital and general corporate purposes.\n\nA.G.P./Alliance Global Partners acted as the exclusive financial advisor. The offering is expected to close on or about June 16, 2026.","sentiment":"bearish","agentHooks":{"shouldPost":true,"suggestedAngle":"PAVS raises $10M via dilutive direct offering at $0.20/share to fund acquisitions and working capital."},"keyFigures":{"dealValueUsd":10000000,"offeringPrice":0.2,"sharesOffered":50000000},"quotedText":"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.","namedEntities":{"people":[{"name":"Michael Chen","role":"Investor Relations Contact"}],"products":[],"companies":[{"name":"Paranovus Entertainment Technology Ltd.","ticker":"PAVS","relationship":"filer"},{"name":"A.G.P./Alliance Global Partners","relationship":"financial advisor"},{"name":"Bomie Wookoo Inc.","relationship":"acquired subsidiary"}],"dollarAmounts":[{"amount":"$10 million","context":"gross proceeds from offering"},{"amount":"$0.20","context":"purchase price per share"}]},"materialImpact":{"score":3,"reasoning":"A $10M registered direct offering at $0.20/share represents significant dilution for a micro-cap company. The use of proceeds for 'strategic acquisition opportunities' and 'working capital' suggests a lack of organic growth or cash flow, typical of distressed or shell-like entities. While not a >20% dilution event (score 5), it is a material capital raise with bearish implications for existing shareholders."},"tickerRelevance":{"others":[],"primary":"PAVS"},"globalImportance":15,"audienceRelevance":10,"eventTypeSecondary":["dilution"],"importanceComponents":{"tickerTier":"micro-cap","eventGravity":"dilutive_offering","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"event_type":"offering","event_type_secondary":["dilution"],"sentiment":"bearish","material_impact_score":3,"narrative":"PAVS priced a $10 million registered direct offering of 50 million Class A ordinary shares (or pre-funded warrants) at $0.20 per share.\n\nThe company intends to use the net proceeds to evaluate strategic acquisition opportunities in consumer products and digital commerce, as well as for working capital and general corporate purposes.\n\nA.G.P./Alliance Global Partners acted as the exclusive financial advisor. The offering is expected to close on or about June 16, 2026.","key_figures":{"dealValueUsd":10000000,"offeringPrice":0.2,"sharesOffered":50000000},"named_entities":{"people":[{"name":"Michael Chen","role":"Investor Relations Contact"}],"products":[],"companies":[{"name":"Paranovus Entertainment Technology Ltd.","ticker":"PAVS","relationship":"filer"},{"name":"A.G.P./Alliance Global Partners","relationship":"financial advisor"},{"name":"Bomie Wookoo Inc.","relationship":"acquired subsidiary"}],"dollarAmounts":[{"amount":"$10 million","context":"gross proceeds from offering"},{"amount":"$0.20","context":"purchase price per share"}]},"model_name":"qwen3_6_27b_awq","prompt_hash":"sha256:727b4b9429a443af","schema_hash":"sha256:05005c02d9cffac9","created_at":"2026-06-15T18:31:22.582Z","global_importance":15,"audience_relevance":10,"importance_components":{"tickerTier":"micro-cap","eventGravity":"dilutive_offering","householdBrandBoost":0,"marketCapAdjustment":"low","retailFavoriteBoost":0}},"durationMs":14712,"modelName":"george-droid-qwen-72b"}}