Paranovus (PAVS) ends ATM deal after selling 39,248,940 shares

Rhea-AI Filing Summary

Paranovus Entertainment Technology Limited terminated its at-the-market share sales agreement with AC Sunshine Securities LLC by mutual consent, effective June 14, 2026. The agreement had allowed sales of Class A ordinary shares under an existing registration statement and prospectus supplement.

By the time of termination, Paranovus had sold 39,248,940 Class A ordinary shares, with a par value of $0.000012 each, for total gross proceeds of $30,967,191. The filing does not describe any replacement sales program or new capital-raising arrangement.

Insights

Capital markets analyst

Paranovus ends its ATM program after raising about $31 million.

Paranovus Entertainment Technology Limited used an at-the-market share offering via AC Sunshine Securities LLC to issue Class A ordinary shares under an effective registration statement and prospectus supplement. The program is now terminated by mutual agreement as of June 14, 2026.

The company reports selling 39,248,940 Class A ordinary shares for gross proceeds of $30,967,191. This indicates completed equity capital raising over time, but the excerpt does not state net proceeds, use of funds, or reasons for ending the arrangement.

From an investor perspective, this is a structural change in how Paranovus can issue stock going forward. Any future equity financing would require separate arrangements or programs, which would likely be detailed in subsequent filings if pursued.

Key Figures

Shares sold under ATM: 39,248,940 shares Gross proceeds from ATM: $30,967,191 Par value per share: $0.000012 per share +1 more

4 metrics

Shares sold under ATM 39,248,940 shares Class A ordinary shares sold pursuant to the Sales Agreement

Gross proceeds from ATM $30,967,191 Total gross proceeds from Sales Agreement share issuances

Par value per share $0.000012 per share Par value of Class A ordinary shares

Termination date June 14, 2026 Effective date of mutual termination of Sales Agreement

Key Terms

at the market offering, Sales Agreement, registration statement, prospectus supplement, +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.

Sales Agreement financial

"entered into a sales agreement (the “Sales Agreement”) with AC Sunshine Securities LLC"

A sales agreement is a written contract that sets out the terms for selling goods, services, or assets, specifying price, delivery, payment schedule and responsibilities of each side. For investors it matters because it creates a predictable stream of revenue or cash obligations, clarifies timing and risk, and can change a company’s value or forecasts much like a signed order turns a customer’s verbal intent into a firm commitment.

registration statement regulatory

"pursuant to the Company’s registration statement on (File No. 333-291788)"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus supplement regulatory

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

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.

material definitive agreement regulatory

"Termination of a Material Definitive Agreement"

A material definitive agreement is a legally binding contract that creates major, long‑term obligations or rights for a company, such as loans, asset sales, mergers, or supplier deals. Think of it like a mortgage or lease for a business: it can change future cash flow, risk and control, so investors watch these agreements closely because they can materially affect a company’s value, financial health and stock price.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

Form 6-K: How Foreign Companies Report to the SEC →

Available on EDGAR 06/15/2026 - 10:10 AM Accepted by SEC EDGAR 06/15/2026 - 10:10 AM 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 LIMITED

(Exact name of registrant as specified in its charter)

250 Park Avenue

7th Floor

New York, NY 10177

(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 ☐

Termination of a Material Definitive Agreement

As previously disclosed, on June 4, 2026, Paranovus Entertainment Technology Limited (the “Company”) , entered into a sales agreement (the “Sales Agreement”) with AC Sunshine Securities LLC (the “Sales Agent”), to issue and sell Company’s Class A ordinary shares, par value $0.000012 each (the “Class A Ordinary Shares”), from time to time, through an at the market offering, pursuant to the Company’s registration statement on (File No. 333-291788), as supplemented by the prospectus supplement dated June 4, 2026. 

On June 14, 2026, the Company and the Sales Agent entered into a termination agreement, pursuant to which, the Sales Agreement was terminated by mutual agreement of the parties, effective on June 14, 2026. As of the date of this Current Report on Form 6-K, the Company has sold 39,248,940 Class A Ordinary Shares for gross proceeds of $30,967,191 pursuant to the Sales Agreement.

2

SIGNATURES

Pursuant to the requirements of the Securities 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 Limited
Date: June 15, 2026	By:	/s/ Xiaoyue Zhang
	Name:	Xiaoyue Zhang
	Title:	Chief Executive Officer

3

FAQ

What did Paranovus Entertainment Technology Limited (PAVS) announce in this Form 6-K?

Paranovus Entertainment Technology Limited announced that it mutually agreed with AC Sunshine Securities LLC to terminate its at-the-market share sales agreement, effective June 14, 2026. The agreement had been used to sell the company’s Class A ordinary shares under a registration statement.

How many shares did Paranovus (PAVS) sell under the terminated ATM agreement?

Paranovus sold 39,248,940 Class A ordinary shares under the at-the-market sales agreement. These Class A ordinary shares have a par value of $0.000012 each and were issued over time pursuant to the company’s effective registration statement and related prospectus supplement.

How much did Paranovus (PAVS) raise through the ATM share sales program?

The company reports gross proceeds of $30,967,191 from selling 39,248,940 Class A ordinary shares through the at-the-market program. Gross proceeds are before any commissions or expenses, and the excerpt does not detail net proceeds or specific uses of these funds.

When did Paranovus (PAVS) terminate its at-the-market sales agreement?

Paranovus terminated its at-the-market sales agreement with AC Sunshine Securities LLC effective June 14, 2026. The termination occurred by mutual agreement between the parties and ends the company’s ability to sell shares under that specific sales arrangement.

Who was Paranovus’s sales agent for the at-the-market offering?

AC Sunshine Securities LLC served as the sales agent for Paranovus’s at-the-market offering of Class A ordinary shares. Under this arrangement, the agent could sell shares from time to time under the company’s registration statement and June 4, 2026 prospectus supplement.

What type of shares did Paranovus (PAVS) issue under the ATM agreement?

Paranovus issued its Class A ordinary shares, each with a par value of $0.000012, under the at-the-market agreement. These shares were sold from time to time pursuant to the company’s registration statement (File No. 333-291788) and a prospectus supplement dated June 4, 2026.