[6-K] Paranovus Entertainment Technology Ltd. Current Report (Foreign Issuer)

Rhea-AI Filing Summary

Paranovus Entertainment Technology Limited reported that it entered into a promissory note purchase agreement with Chicshak Inc., an unaffiliated lender. Under this agreement, the company issued a promissory note with a principal amount of $300,000 bearing simple interest at 8% per annum, dated November 14, 2025. The note matures 12 months after issuance and may be prepaid in part or in full before maturity. The company plans to use the net proceeds from this borrowing for its general working capital needs, providing short-term funding to support ongoing operations.

Insights

Credit & Capital Structure Analyst

PAVS adds a small 8% one-year debt for working capital.

Paranovus Entertainment Technology Limited has raised short-term financing by issuing a $300,000 promissory note to an unaffiliated lender, Chicshak Inc.. The note carries a simple interest rate of 8% per year and was issued on November 14, 2025, giving the company a defined, one-year liability.

The note matures 12 months after issuance and can be prepaid in whole or in part, which gives Paranovus flexibility to reduce interest costs if cash becomes available. The stated use of proceeds is general working capital, meaning the funds are intended to support day-to-day operations rather than a specific project or acquisition.

This is a modest debt transaction in absolute terms, so its importance depends on Paranovus's overall size and liquidity, which are not detailed here. The key reference point will be how this obligation and its 8% cost are reflected in future financial statements covering the period after November 14, 2025.

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 November 2025

PARANOVUS ENTERTAINMENT TECHNOLOGY LIMITED

(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 ☐

Entry into Material Agreements

On November 14, 2025, Paranovus Entertainment Technology Limited (the “Company”) signed a promissory note purchase agreement (the “Purchase Agreement”) with Chicshak Inc., a New York corporation (the “Lender”), which is an unaffiliated entity with respect to the Company. Pursuant to the Purchase Agreement, the Company issued a promissory note with a simple interest rate of 8% per annum and with principal amount of $300,000 (the “Note”) to the Lender on November 14, 2025, the closing date of this transaction (the “Note Offering”). The Note will mature in 12 months after its issuance and can be pre-paid in part or in whole by the Company prior to its maturity date. The net proceeds from the Note Offering will be used to for the general working capital purposes of the Company.

The Purchase Agreement and the Note are attached hereto as Exhibits 10.1 and 10.2. The foregoing descriptions of the Purchase Agreement and the Note are summaries of the material terms of such agreements, and do not purport to be complete and are qualified in their entirety by reference to the Purchase Agreement and the Note.

Exhibits

Exhibit No.		Description
10.1		The Promissory Note Purchase Agreement, dated November 14, 2025
10.2		The Promissory Note issued on November 14, 2025

2

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 Limited
Date: November 19, 2025	By:	/s/ Xiaoyue Zhang
	Name:	Xiaoyue Zhang
	Title:	Chief Executive Officer

3

FAQ

What financing transaction did PAVS announce in this Form 6-K?

Paranovus Entertainment Technology Limited disclosed that it entered into a promissory note purchase agreement with Chicshak Inc. and issued a $300,000 promissory note bearing 8% simple interest per year.

What are the key terms of Paranovus (PAVS) new promissory note?

The promissory note has a $300,000 principal amount, carries a simple interest rate of 8% per annum, was issued on November 14, 2025, and will mature 12 months after issuance. It can be prepaid in part or in full before maturity.

How will Paranovus Entertainment Technology Limited use the $300,000 note proceeds?

The company states that the net proceeds from the $300,000 note offering will be used for general working capital purposes, supporting its ongoing operational needs.

Who is the lender under Paranovus (PAVS) promissory note agreement?

The lender is Chicshak Inc., a New York corporation that is described as an unaffiliated entity with respect to Paranovus Entertainment Technology Limited.

Where can investors find the full details of PAVS promissory note agreement?

The complete terms are contained in the Promissory Note Purchase Agreement and the Promissory Note themselves, which are filed as Exhibits 10.1 and 10.2 to this Form 6-K.