Paranovus (NASDAQ: PAVS) sets $194,999,999.75 Class A share sale plan

Rhea-AI Filing Summary

Paranovus Entertainment Technology Ltd. is establishing an at-the-market program to sell up to $194,999,999.75 of Class A Ordinary Shares under its Form F-3 shelf registration. The company appointed AC Sunshine Securities LLC as sales agent or principal for these sales.

The shares may be sold from time to time on the Nasdaq Capital Market or other trading markets in transactions deemed an at-the-market offering. Paranovus will pay the sales agent a 3.5% commission on the gross proceeds of shares it places. Both parties can terminate the sales agreement by written notice, and the arrangement includes customary representations, warranties, and indemnification provisions.

Insights

Capital markets & dilution analyst

Paranovus sets a sizable ATM facility that can be tapped over time.

Paranovus Entertainment Technology Ltd. has arranged an at-the-market equity program to sell up to $194,999,999.75 of Class A Ordinary Shares through AC Sunshine Securities LLC. Sales can occur directly on the Nasdaq Capital Market or other trading venues under an effective Form F-3 shelf.

The commission of 3.5% of gross proceeds is within typical ranges for ATM programs. Actual issuance will depend on market conditions and company decisions, so the ultimate dilution and capital raised will be determined by future trading activity under this agreement.

Key Figures

ATM program size: $194,999,999.75 Class A Ordinary Shares Sales agent commission: 3.5% of gross proceeds Registration statement form: Form F-3 No. 333-291788 +1 more

4 metrics

ATM program size $194,999,999.75 Class A Ordinary Shares Maximum aggregate amount registered in prospectus supplement dated June 4, 2026

Sales agent commission 3.5% of gross proceeds Commission payable to AC Sunshine Securities LLC for acting as sales agent

Registration statement form Form F-3 No. 333-291788 Shelf registration statement covering the ATM offering

Prospectus supplement date June 4, 2026 Date of prospectus supplement relating to ATM sales

Key Terms

at the market offering, shelf registration statement, prospectus supplement, indemnification and contribution, +1 more

5 terms

at the market offering financial

"to issue and sell Company’s Class A ordinary shares ... through an at the market offering"

An at-the-market offering is a way a company raises cash by selling newly issued shares directly into the open market at prevailing prices, rather than all at once in a single deal. Think of it like turning a faucet on to drip shares into trading at current prices when needed; it gives the company flexibility to raise funds over time but can dilute existing shareholders and potentially affect the stock price, which investors should monitor.

shelf registration statement regulatory

"The offering has been registered under the Securities Act pursuant to the Company’s shelf registration statement on Form F-3"

A shelf registration statement is a document a company files with regulators that allows it to sell shares or bonds quickly when it’s a good time to raise money. It’s like having a pre-approved plan ready so the company can act fast without going through lengthy paperwork each time they want to sell, making fundraising more flexible.

prospectus supplement regulatory

"as supplemented by the prospectus supplement dated June 4, 2026, relating to the sale"

A prospectus supplement is an additional document provided alongside a company's main offering details, offering updated or extra information about a specific financial product being sold. It helps investors understand the latest terms, risks, and details of the investment, similar to how an update or revision clarifies or expands on original instructions, ensuring they have current and complete information before making a decision.

indemnification and contribution financial

"indemnification and contribution provisions under which the Company and the Sales Agent have agreed to indemnify each other"

Nasdaq Capital Market financial

"including, without limitation, sales made directly on the Nasdaq Capital Market, on any other existing trading market"

The Nasdaq Capital Market is a platform where smaller, emerging companies can list their shares for trading by investors. It provides these companies with access to funding and visibility, helping them grow, much like a local marketplace where new vendors can introduce their products to potential customers. For investors, it offers opportunities to discover early-stage companies with growth potential.

Offering Details

ATM

Offering

Offering Type ATM

FAQ

What equity offering did Paranovus (PAVS) announce in the June 2026 Form 6-K?

Paranovus established an at-the-market offering program to sell up to $194,999,999.75 of Class A Ordinary Shares. The sales occur under its effective Form F-3 shelf, giving flexibility to raise equity capital over time as market conditions permit.

Who is the sales agent for Paranovus (PAVS) in the new at-the-market program?

Paranovus appointed AC Sunshine Securities LLC as sales agent and potential principal. The firm will use commercially reasonable efforts to place Class A Ordinary Shares in at-the-market transactions on Nasdaq or other markets, consistent with its normal sales and trading practices.

What commission will Paranovus (PAVS) pay on at-the-market share sales?

For each sale where AC Sunshine acts as sales agent, Paranovus will pay a 3.5% commission on the gross proceeds. This fee structure directly ties the agent’s compensation to the total dollar amount of Class A Ordinary Shares successfully sold in the program.

Under which registration statement is the Paranovus (PAVS) ATM offering registered?

The at-the-market offering is registered under Paranovus’s shelf registration statement on Form F-3 (No. 333-291788). It is further detailed in a prospectus supplement dated June 4, 2026, covering sales of up to $194,999,999.75 of Class A Ordinary Shares.

Can Paranovus (PAVS) or AC Sunshine terminate the at-the-market sales agreement?

Yes. Both Paranovus and AC Sunshine Securities LLC have the right to terminate the sales agreement by delivering written notice. The agreement also includes customary representations, warranties, and indemnification provisions commonly seen in similar at-the-market equity distribution arrangements.

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

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Accepted by SEC EDGAR 06/09/2026 - 01:30 PM Learn about SEC filing dates

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Form 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16

UNDER THE SECURITIES EXCHANGE ACT OF 1934

For the month of June 2026

PARANOVUS ENTERTAINMENT TECHNOLOGY LTD.

(Exact name of registrant as specified in its charter)

250 Park Avenue, 7th Floor

New York, NY 10177

929-215-4832

(Address of Principal Executive Office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F ☒      Form 40-F ☐

Sales Agreement

On June 4, 2026, Paranovus Entertainment Technology Ltd. (the “Company”) entered into a certain sales agreement (the “Sale Agreement”) with AC Sunshine Securities LLC (the “Agent”) to issue and sell Company’s Class A ordinary shares, par value $0.000012 per share (the “Class A Ordinary Shares”), from time to time, through an at the market offering under which the Sales Agent will act as sales agent and/or principal.

Subject to the terms and conditions of the Sales Agreement, the Sales Agent has agreed to use its commercially reasonable efforts, consistent with its normal sales and trading practices to place the Class A Ordinary Shares, subject to, and in accordance with the information specified in a written notice from the Company, unless the sale of the Class A Ordinary Shares described therein has been suspended, cancelled or otherwise terminated.

The Sales Agent’s obligation to sell Class A Ordinary Shares under the Sales Agreement is subject to satisfaction of certain conditions, and other customary closing conditions. The sales, if, under the Sale Agreement will be made by any method permitted by law deemed to be an “at the market offering” as defined in Rule 415 under the Securities Act of 1933, including, without limitation, sales made directly on the Nasdaq Capital Market, on any other existing trading market for the Class A Ordinary Shares or to or through a market maker.

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The Sale Agreement provides that the commission payable to the Sales Agent for sales of Class A Ordinary Shares with respect to which the Sales Agent acts as sales agent shall be equal to 3.5% of the gross proceeds of such sale.

The Sales Agreement contains customary representations and warranties of the parties and indemnification and contribution provisions under which the Company and the Sales Agent have agreed to indemnify each other against certain liabilities, including liabilities under the Securities Act. The Sales Agent and the Company have the right, by giving written notice as specified in the Sales Agreement, to terminate the Sales Agreement.

The offering has been registered under the Securities Act pursuant to the Company’s shelf registration statement on Form F-3 (Registration No. 333-291788), as supplemented by the prospectus supplement dated June 4, 2026, relating to the sale of up to $194,999,999.75 Class A Ordinary Shares.

A copy of the Sale Agreement is attached as Exhibit 1.1 hereto and is incorporated herein by reference. The foregoing description of the Sale Agreement does not purport to be complete and is qualified in its entirety by reference to such exhibit.

A copy of the opinion of Campbells LLP relating to the validity of the securities to be issued in accordance with the Sale Agreement is filed herewith as Exhibit 5.1.

This Report shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Class A Ordinary Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This Report shall not constitute an offer to sell or the solicitation to buy nor shall there be any sale of the Class A Ordinary Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

Exhibits

Reference is made to the Exhibit Index included hereto.

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EXHIBIT INDEX

Exhibit No.		Description
1.1		Sales Agreement, dated as of June 4 2026, by and between the Company and AC Sunshine
5.1		Opinion of Campbells LLP.
23.1		Consent of Campbells LLP (included in Exhibit 5.1).

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SIGNATURES

Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	Paranovus Entertainment Technology Ltd.
Date: June 9, 2026	By:	/s/ Xiaoyue Zhang
	Name:	Xiaoyue Zhang
	Title:	Chief Executive Officer

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Filing Exhibits & Attachments

2 documents

Other Documents

• EX-1.1 SALES AGREEMENT 243.2 KB
• EX-5.1 OPINION 40.1 KB