Paranovus Entertainment Technology Limited Announces 1-For-100 Reverse Share Split

Rhea-AI Summary

Paranovus Entertainment Technology (NASDAQ:PAVS) announced a 1-for-100 reverse share split of its Class A ordinary shares, effective for trading on a split-adjusted basis on June 29, 2026 on Nasdaq.

The par value will change from $0.000012 to $0.0012 per share, with outstanding shares reduced from 85,685,063 to approximately 856,851, subject to fractional share adjustments. No fractional shares will be issued; holdings will be rounded up to the nearest whole share. The stock will keep the symbol PAVS with new CUSIP G4289N155. VStock Transfer will act as exchange and paying agent, and most shareholders will not need to take action.

Positive

• Reverse split reduces outstanding Class A shares from 85,685,063 to approximately 856,851
• No fractional shares; positions rounded up to nearest whole share
• Class A shares expected to trade at roughly 100 times pre-split price per share

Negative

• Company cannot assure post-split price will reflect the 1-for-100 ratio
• Company does not guarantee any specific trading price will be maintained after the reverse split

News Market Reaction – PAVS

-37.43%

30 alerts

-37.43% Session close to close

-48.0% Trough in 35 hr 5 min

$12.16M Market Cap

0.2x Rel. Volume

In the Jun 25 session, PAVS declined 37.43%, reflecting a significant negative market reaction. Argus tracked a trough of -48.0% from its starting point during tracking. Our momentum scanner triggered 30 alerts that day, indicating elevated trading interest and price volatility.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock dropped -37.4% in the session following this news. A negative reaction despite positive ne...

Analysis

The stock dropped -37.4% in the session following this news. A negative reaction despite positive news fits PAVS’s history, where past reverse split headlines averaged -27.59% next day. Repeated consolidations and substantial remaining shelf capacity could keep capital-structure and dilution risk in focus.

Key Figures

Reverse split ratio: 1-for-100 Pre-split par value: $0.000012 per share Post-split par value: $0.0012 per share +5 more

8 metrics

Reverse split ratio 1-for-100 Class A ordinary shares reverse share split

Pre-split par value $0.000012 per share Class A Ordinary Shares before June 29, 2026

Post-split par value $0.0012 per share Class A Ordinary Shares after reverse split

Pre-split outstanding shares 85,685,063 shares Class A Ordinary Shares before reverse split

Post-split outstanding shares approximately 856,851 shares Class A Ordinary Shares after reverse split, before fractional adjustments

Expected price multiple 100x Company expects post-split price to reflect 1-for-100 ratio

Pre-split share price $0.1351 Last available price before announcement context

52-week low $0.1257 52-week trading range prior to this announcement

Previous Stock split Reports

2 past events · Latest: Mar 27 (Negative)

Same Type Pattern 2 events

Date	Event	Sentiment	24h Move	Catalyst
Mar 27	Reverse stock split	Negative	-18.6%	Announced 1-for-12 reverse split reducing outstanding shares and changing par value.
Dec 16	Reverse stock split	Negative	-36.6%	Announced 1-for-100 reverse split sharply cutting share count and raising par value.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

Prior reverse split announcements for PAVS have been followed by notably negative next-day price reactions.

Key Terms

reverse share split, par value, cusip, book-entry form, +1 more

5 terms

reverse share split financial

"today announced that it will effect a reverse share split of its outstanding"

A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

par value financial

"Class A ordinary shares, par value $0.000012 per share (the "Class A Ordinary Shares")"

Par value is the fixed amount printed on a bond or stock that represents its original value when issued. It’s like the face value of a coin or bill—what the issuer promises to pay back or the starting price of a stock—though it often doesn’t change with market prices. It matters because it helps determine certain financial details, like how much the company will pay back at maturity.

cusip financial

"continue to trade on Nasdaq under the symbol "PAVS" with the new CUSIP number, G4289N155"

A CUSIP is a nine-character alphanumeric code that uniquely identifies a U.S. or Canadian financial security—such as a stock, bond, or fund share—like a Social Security number for an investment. It matters to investors because brokers, exchanges and record-keepers use the CUSIP to match trades, track ownership, settle transactions and pull accurate records, reducing errors and ensuring money and securities go to the right place.

View in glossary

book-entry form financial

"Shareholders holding their shares in book-entry form or in brokerage accounts need not take any action"

A book-entry form is an electronic record showing ownership of securities instead of a paper certificate; think of it like a bank account ledger that notes who owns shares. It matters to investors because it makes buying, selling and transferring securities faster, safer and cheaper by reducing paperwork, loss or forgery risk, and enabling easier settlement through brokers or a central depository.

exchange agent financial

"VStock Transfer LLC is acting as the exchange agent and paying agent for the reverse share split."

An exchange agent is a third party appointed to handle the practical steps when securities are being swapped, such as during mergers, tender offers, or restructurings. Think of it as a trusted post office that collects old shares, verifies ownership, completes required paperwork and regulatory filings, and delivers the new shares or cash to investors; its efficiency and accuracy affect how quickly and safely investors receive the value they're owed.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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NEW YORK, NY / ACCESS Newswire / June 25, 2026 / Paranovus Entertainment Technology Limited (NASDAQ:PAVS) ("we" or the "Company"), today announced that it will effect a reverse share split of its outstanding Class A ordinary shares, par value $0.000012 per share (the "Class A Ordinary Shares"), at a ratio of 1-for-100.

Our Class A Ordinary Shares will begin trading on a reverse share split-adjusted basis at the opening of The Nasdaq Capital Market ("Nasdaq") on June 29, 2026. Following the reverse share split, the Class A Ordinary Shares will have a new par value of $0.0012 per share and will continue to trade on Nasdaq under the symbol "PAVS" with the new CUSIP number, G4289N155. The reverse share split is expected to lead the Company's Class A Ordinary Shares to trade at approximately 100 times the price per share at which it trades prior to the effectiveness of the reverse share split. The Company, however, cannot assure that the price of its Class A Ordinary Shares after the reverse split will reflect the 1-for-100 reverse split ratio, that the price per share following the effective time of the reverse split will be maintained for any period of time, or that the price will remain above the pre-split trading price.

No fractional shares will be issued in connection with the reverse share split and all such fractional interests will be rounded up to the nearest whole number of Class A Ordinary Shares.

The reverse share split will reduce the number of issued and outstanding shares of the Company's Class A Ordinary Shares from 85,685,063 to approximately856,851, subject to any adjustments resulting from the treatment of the fractional shares.

On May 14, 2026, the board of directors of the Company approved the reverse share split of the Class A Ordinary Shares, at a ratio of 1-for-100.

VStock Transfer LLC is acting as the exchange agent and paying agent for the reverse share split. Shareholders holding their shares in book-entry form or in brokerage accounts need not take any action in connection with the reverse share split.

VStock Transfer LLC will provide instructions to any shareholders with certificates regarding the process in connection with the exchange of pre-reverse share split share certificates for ownership in book-entry form or share certificates on a post-reverse share split basis. Shareholders are encouraged to contact their bank, broker or custodian with any procedural questions.

About Paranovus Entertainment Technology Limited

Paranovus Entertainment Technology Ltd. (Nasdaq: PAVS) 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.

For more information on our latest innovations and developments, visit https://www.pavs.ai/.

Forward-Looking Statements

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 "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" 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'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's goals and strategies; the Company's future business development; the Company's future acquisition opportunities; the Company's ability to identify any acquisition opportunities that fit with our business strategies; the Company'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's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For investor and media inquiries, please contact:

Michael Chen
929.215.4832
ir@pavs.ai

SOURCE: Paranovus Entertainment Technology Ltd.

View the original press release on ACCESS Newswire

FAQ

What is the ratio of the Paranovus (NASDAQ:PAVS) reverse share split announced in June 2026?

Paranovus approved a 1-for-100 reverse share split of its Class A ordinary shares. According to Paranovus, each 100 existing shares will consolidate into one share, with no fractional shares issued and any fractions rounded up to a full share.

When will Paranovus (PAVS) start trading on a reverse split-adjusted basis?

Paranovus Class A shares will begin trading on a reverse split-adjusted basis on June 29, 2026. According to Paranovus, the shares will continue to trade on the Nasdaq Capital Market under the symbol PAVS, but with a new CUSIP number G4289N155.

How will the 1-for-100 reverse split affect Paranovus (PAVS) shares outstanding?

The reverse split will significantly reduce Paranovus shares outstanding. According to Paranovus, Class A ordinary shares will decline from 85,685,063 to approximately 856,851, subject to adjustments from rounding up fractional share positions to the nearest whole share.

What happens to fractional shares in the Paranovus (PAVS) reverse share split?

No fractional shares will be issued in the Paranovus reverse split. According to Paranovus, any resulting fractional interests in Class A ordinary shares will be rounded up to the nearest whole share, simplifying shareholder positions after the consolidation.

Will the Paranovus (PAVS) reverse split guarantee a higher long-term share price?

The reverse split is expected to initially increase the share price mathematically, but offers no guarantees. According to Paranovus, it cannot assure that the post-split price will reflect the 1-for-100 ratio or be maintained over time.

Do Paranovus (PAVS) shareholders need to take action for the June 2026 reverse split?

Most shareholders will not need to take action for the reverse split. According to Paranovus, VStock Transfer LLC will act as exchange agent, and holders in book-entry or brokerage accounts will have shares adjusted automatically, while certificated holders will receive specific instructions.