Welcome to our dedicated page for HAPP news (Ticker: HAPP), a resource for investors and traders seeking the latest updates and insights on HAPP stock.
This page provides a historical news archive for Happiness Development Group Limited (HAPP) and its transition to Paranovus Entertainment Technology Ltd. Company press releases trace how HAPP evolved from a diversified business in nutraceutical and dietary supplements, e-commerce solutions and automobile sales into a renamed entity with a focus on entertainment and technology under the PAVS ticker.
Earlier news items under the HAPP symbol describe activities in its three main business lines, including developments in its nutraceutical and dietary supplement portfolio, initiatives in e-commerce services for small and medium-sized enterprises in China, and agreements related to automobile sales using a B2B model. These releases also cover corporate actions such as reverse share splits and Nasdaq notifications about minimum bid price compliance.
Later announcements under the Paranovus Entertainment Technology Ltd. name document the company’s strategic shift. They outline plans to enter a pan-entertainment field using technologies such as AI and describe a focus on AI-powered entertainment products, AI-driven games and applications, and TikTok-related e-commerce solutions through subsidiaries. Additional releases discuss the exit of legacy e-commerce, internet information, advertising and automobile sales businesses, as well as the acquisition of controlling equity interests in Bomie Wookoo Inc., a company offering e-commerce solutions.
Investors and researchers can use this news archive to follow the company’s corporate history, business transitions, and interactions with the Nasdaq Capital Market over time. For a complete view of the current business focus, more recent news under the PAVS symbol and Paranovus Entertainment Technology Ltd. name is particularly relevant.
Paranovus Entertainment Technology (NASDAQ:PAVS) regained compliance with Nasdaq's minimum bid price requirement, the company said it received notice on January 6, 2026 from the Nasdaq Office of General Counsel confirming compliance with Listing Rule 5550(a)(2).
As a result, the previously scheduled Hearings Panel session for January 29, 2026 was cancelled and the matter was closed. The company's Class A ordinary shares will remain listed and traded on the Nasdaq Capital Market under the ticker PAVS.
Paranovus Entertainment Technology (NASDAQ: PAVS) announced it received a Nasdaq delisting notice dated December 17, 2025, after Nasdaq determined the company failed to meet Listing Rule 5810(c)(3)(A)(iii).
Nasdaq found the stock closed at $0.10 or less for ten consecutive trading days as of December 15, 2025, and earlier flagged a bid-price deficiency on July 11, 2025 for trading below $1 over 30 consecutive business days. Trading is slated to be suspended at the open on December 29, 2025 unless the company timely requests an appeal by December 24, 2025. The company says it will request a hearing, which would stay suspension. The company completed a 1:100 reverse share split on December 18, 2025 to try to regain compliance.
Paranovus Entertainment Technology (NASDAQ: PAVS) will effect a 1-for-100 reverse share split of its Class A ordinary shares, effective at the open of business on December 18, 2025.
Following the split the par value will change from $0.01 to $1.00 per share, the company’s CUSIP will change to G4289N122, and shares will trade on Nasdaq under PAVS on a split-adjusted basis. Outstanding Class A shares will fall from 350,000,000 to approximately 3,500,000, subject to rounding of fractional shares (fractionals will be rounded up).
The company expects the per-share price to trade at roughly 100x the pre-split price but cautions there is no assurance the post-split price will reflect or be maintained at that ratio. VStock Transfer LLC will act as exchange and paying agent; shareholders in brokerage accounts need take no action.
Paranovus Entertainment Technology (NASDAQ:PAVS) received a bid deficiency notice from Nasdaq on July 11, 2025, as its Class A ordinary shares traded below $1.00 for 30 consecutive business days, violating Nasdaq Listing Rule 5550(a)(2).
The company has until January 7, 2026 to regain compliance by maintaining a closing bid price of at least $1.00 for a minimum of 10 consecutive business days. If unsuccessful, PAVS may be eligible for an additional 180-day compliance period, potentially requiring a reverse stock split to meet requirements.
Paranovus Entertainment Technology (NASDAQ: PAVS) has received a notification from Nasdaq on April 9, 2025, regarding its non-compliance with listing requirements. The company failed to file its Form 6-K for the period ended September 30, 2024, which should contain interim financial information for the six-month period.
PAVS has been given 60 calendar days to submit a compliance plan to Nasdaq. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the original filing due date, until September 29, 2025, to regain compliance. The company plans to either file the required Form 6-K or submit a compliance plan within the 60-day window.
The notification currently has no immediate impact on PAVS's listing status on the Nasdaq Capital Market.
Paranovus Entertainment Technology (NASDAQ: PAVS) has successfully regained compliance with Nasdaq's minimum bid price requirement. The company received formal notification from Nasdaq confirming that it meets Rule 5550(a)(2), which requires maintaining a minimum bid price of $1.00 per share. This compliance was achieved after PAVS's Class A ordinary shares maintained a closing bid price at or above $1.00 for ten consecutive business days from December 13, 2024, to December 30, 2024. The bid price deficiency matter has been resolved and is now closed.
Happiness Development Group Limited (NASDAQ: HAPP) announced its name change to Paranovus Entertainment Technology Ltd., effective March 14, 2023. The new name aligns with the company’s strategic expansion into pan-entertainment, incorporating advanced technologies like AI, AR, VR, and Web3.0. The Class A ordinary shares will trade under the new symbol PAVS on Nasdaq. CEO Xuezhu Wang emphasized that the name change reflects the company’s evolving focus and future plans. Paranovus operates in three sectors: nutraceuticals, e-commerce, and automobile sales, with a robust product portfolio and a mission to empower small and medium enterprises in China.
Happiness Development Group Limited (HAPP) announced on October 25, 2022, that it has regained compliance with the NASDAQ minimum bid price requirement, closing the matter. The company was initially notified on November 11, 2021, regarding its failure to meet the $1.00 per share minimum. Following two extensions, the company achieved a closing bid price at or above the minimum for ten consecutive business days from October 11 to October 24, 2022. This compliance allows HAPP to remain listed on the NASDAQ.
Happiness Development Group Limited (HAPP) announced a 1-for-20 reverse stock split, effective October 10, 2022, following shareholder approval on October 7, 2022. The split will reduce ~66.85M Class A shares to ~3.34M and Class B shares from ~12.25M to ~612K. The company anticipates its Class A shares will trade at approximately 20 times their pre-split price, though no assurance can be made regarding future trading prices. Additionally, shareholders approved an increase in authorized shares to 350M Class A shares, 100M Class B shares, and 50M preferred shares.
Happiness Development Group Limited (HAPP) announced a strategic cooperation with Fujian Yiluba Automobile Service Consulting Co., Ltd. (168) for the purchase of up to 2,000 new energy vehicles over three years. The potential value of this agreement is around RMB200 million (about $30 million). This collaboration highlights HAPP's expanding presence in the automobile market, especially as 168 aims to enhance its operations with online ride-hailing platforms like Didi in Fujian. HAPP's CEO expressed optimism regarding increased orders and future business growth.
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