Paranovus holders back capital and reverse split plans

Paranovus Entertainment Technology Ltd. held an extraordinary shareholders’ meeting where investors approved several key capital structure changes.

Rhea-AI Filing Summary

Paranovus Entertainment Technology Ltd. held an extraordinary shareholders’ meeting where investors approved several key capital structure changes. Shareholders representing 67.12% of the voting power formed a quorum, with Class A shares carrying one vote each and Class B shares carrying eighty votes each.

They approved a Capital Increase Proposal, a seventh amended and restated memorandum and articles of association, and a Share Consolidation Proposal. The board now has discretion, for up to two years, to implement one or more reverse share splits with a cumulative consolidation ratio of up to 1:5,000, with fractional shares rounded up to the next whole share.

Insights

Corporate actions analyst

Shareholders authorized capital changes and flexible reverse split powers.

Paranovus obtained shareholder approval for three related measures: a capital increase, a new seventh amended and restated memorandum and articles of association, and a broad authorization for future reverse share splits. All three proposals passed with strong majorities across the voting power present.

The Share Consolidation Proposal lets the board implement one or more reverse share splits within two years, up to a cumulative 1:5,000 consolidation ratio, and requires fractional entitlements to be rounded up to whole shares. This gives significant flexibility to adjust share count and per-share price if needed.

The high participation level of 67.12% of total voting power indicates meaningful shareholder engagement. The actual impact on existing holders will depend on whether, when, and at what ratios the board chooses to implement any share consolidations under this authorization.

Key Figures

Quorum voting power: 67.12% Class A ordinary shares: 1,024,784 shares Class B ordinary shares: 23,846 shares +5 more

8 metrics

Quorum voting power 67.12% Voting power present at April 28, 2026 extraordinary meeting

Class A ordinary shares 1,024,784 shares Total Class A ordinary shares entitled to 1,024,784 votes as of record date

Class B ordinary shares 23,846 shares Total Class B ordinary shares entitled to 1,907,680 votes as of record date

Capital Increase Proposal votes 1,951,328 For / 15,122 Against / 1,893 Abstain Final results for capital increase resolution

Amended M&A Proposal votes 1,952,870 For / 12,737 Against / 2,736 Abstain Final results for seventh amended M&A approval

Share Consolidation Proposal votes 1,950,281 For / 15,683 Against / 2,379 Abstain Final results for share consolidation authorization

Consolidation Ratio Cap 1:5,000 Maximum cumulative reverse split ratio authorized over two years

Share consolidation window 2 years Period after 2026 extraordinary meeting when board may implement consolidations

Key Terms

extraordinary meeting of shareholders, reverse share splits, Share Consolidations, Consolidation Ratio Cap, +2 more

6 terms

extraordinary meeting of shareholders financial

"held an extraordinary meeting of shareholders (“EGM”) at 10:00 a.m."

reverse share splits financial

"effect one or more reverse share splits of its authorized, issued and outstanding share capital"

A reverse share split is a corporate action that combines multiple existing shares into fewer, proportionally more valuable shares — for example, turning ten $1 shares into one $10 share. Investors keep the same overall ownership value but see the per‑share price rise, which can improve a stock’s image, meet listing rules, or change trading liquidity and investor perception, much like exchanging many small coins for a single larger bill.

Share Consolidations financial

"by way of consolidation (the “ Share Consolidations ”), such that the number of authorized"

Consolidation Ratio Cap financial

"provided that the cumulative consolidation ratio for all such Share Consolidations shall not exceed 1:5,000 in the aggregate (the “ Consolidation Ratio Cap ”)."

seventh amended and restated memorandum and articles of association financial

"approve and adopt of the seventh amended and restated memorandum and articles of association (the “ Seventh M&A ”)"

Action by Written Resolutions of Members financial

"to reflect, inter alia, the Capital Increase and the Action by Written Resolutions of Members"

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did Paranovus (PAVS) shareholders approve at the April 2026 extraordinary meeting?

Shareholders approved a Capital Increase Proposal, a new seventh amended and restated memorandum and articles of association, and a flexible Share Consolidation Proposal allowing one or more reverse share splits within two years, subject to a cumulative 1:5,000 consolidation cap.

What quorum and voting structure applied at Paranovus’ April 2026 EGM for PAVS?

The meeting reached quorum with holders of 67.12% of total voting power. Each Class A ordinary share carried one vote, while each Class B ordinary share carried eighty votes, combining to form the voting base used for all resolutions.

How did Paranovus shareholders vote on the Share Consolidation Proposal for PAVS?

The Share Consolidation Proposal received 1,950,281 votes for, 15,683 against, and 2,379 abstentions. This approval authorizes the board to implement one or more reverse share splits within two years, within a cumulative 1:5,000 consolidation ratio cap.

What authority did the Paranovus board receive regarding future reverse share splits for PAVS?

The board may, in its sole discretion, implement one or more Share Consolidations within two years of the 2026 extraordinary meeting, provided the total consolidation ratio does not exceed 1:5,000, and may also elect not to implement any consolidation during that period.

How will fractional shares be treated in Paranovus’ approved share consolidations for PAVS?

No fractional ordinary shares will be issued in any approved Share Consolidation. If a shareholder would otherwise receive a fractional share, the total number of shares they receive will be rounded up to the next whole ordinary share, benefiting small holders slightly.

What changes were approved to Paranovus’ memorandum and articles of association for PAVS?

Shareholders approved the seventh amended and restated memorandum and articles of association, replacing the Sixth M&A. The new document reflects the Capital Increase and provisions related to Action by Written Resolutions of Members, aligning the company’s governing documents with the newly approved capital structure.

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

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Accepted by SEC EDGAR 04/29/2026 - 04:15 PM EDT 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 April 2026

PARANOVUS ENTERTAINMENT TECHNOLOGY LTD.

(Exact name of registrant as specified in its charter)

250 Park Avenue, 7th Floor

New York, NY 10017

(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 Form40-F.

Form 20-F ☒      Form 40-F ☐

Submission of Matters to a Vote of Security Holders.

Paranovus Entertainment Technology Ltd. (the “Company”) held an extraordinary meeting of shareholders (“EGM”) at 10:00 a.m. ET on April 28, 2026 at its principal executive offices in 250 Park Avenue, 7th Floor, New York, NY 10017. Shareholders of Class A and Class B ordinary shares voted by proxy or at the meeting. There were shareholders of 67.12% out of a total votes of 1,024,784 Class A ordinary shares (representing 1,024,784 votes) and 23,846 Class B ordinary shares (representing 1,907,680 votes) and therefore constituting a quorum of more than one third of the shares outstanding and entitled to vote at the meeting as of the record date of April 7, 2026. Each Class A ordinary share is entitled to one (1) vote, and each Class B ordinary share is entitled to eighty (80) votes. The final voting results for each matter submitted to a vote of shareholders at the meeting are as follows:

1. as an ordinary resolution to increase the share capital of the Company from:   US$3,400.50 divided into 279,166,666 Class A ordinary shares of US$0.000012 par value each and 4,166,666 Class B ordinary shares of a par value of US $0.000012 each, and 41,666 preferred shares of a par value of US $0.000012 each,   to:   US$601,200.50 divided into 50,000,000,000 Class A ordinary shares of US$0.000012 par value each and 100,000,000 Class B ordinary shares of a par value of US $0.000012 each, and 41,666 preferred shares of a par value of US $0.000012 each,   by creating additional 49,720,833,334 Class A ordinary shares, each with a par value of US $0.000012 and additional 95,833,334 Class B ordinary shares, each with a par value of US $0.000012 (the “Capital Increase” and such proposal, the “Capital Increase Proposal”)

	For		Against		Abstain
	1,951,328		15,122		1,893

Accordingly, the Capital Increase Proposal has been approved.

2.

that as a special resolution to approve and adopt of the seventh amended and restated memorandum and articles of association (the “Seventh M&A”) in the form as attached to the proxy statement as Appendix A to reflect, inter alia, the Capital Increase and the Action by Written Resolutions of Members (as defined below), in substitution for the Sixth M&A. (the “Amendment to the Sixth M&A” and such proposal, the “Amended M&A Proposal”)

	For		Against		Abstain
	1,952,870		12,737		2,736

Accordingly, the Amended M&A Proposal has been approved.

3.

as an ordinary resolution: (a) that the Company effect one or more reverse share splits of its authorized, issued and outstanding share capital by way of consolidation (the “Share Consolidations”), such that the number of authorized, issued and outstanding shares is decreased by the applicable ratio and the par value of each authorized, issued and outstanding ordinary share is increased by the same ratio, as applicable, with each Share Consolidation to be effected at such time or times, and at a precise consolidation ratio or ratios, in each case as determined by the board of directors (the “Board”) in its absolute discretion within two (2) years following the date of the 2026 Extraordinary Meeting, provided that the cumulative consolidation ratio for all such Share Consolidations shall not exceed 1:5,000 in the aggregate (the “Consolidation Ratio Cap”). (b) no fractional ordinary shares of the Company be issued in connection with each of the Share Consolidations; if a shareholder is entitled to receive a fractional ordinary share upon a Share Consolidation, the total number of ordinary shares to be received by such shareholder be rounded up to the next whole ordinary shares. (c) the Board be authorized, at its absolute and sole discretion, to either (i) implement one or more Share Consolidations, and determine, at any time within two (2) years following the date of the 2026 Extraordinary Meeting and subject to the Consolidation Ratio Cap, the exact consolidation ratio and effective date of each such Share Consolidation; or (ii) elect not to implement any Share Consolidation during a period of two years of the date of the 2026 Extraordinary Meeting. (d) if and when deemed advisable by the Board in its sole discretion, any director or officer of the Company be authorized, for and on behalf of the company, to do all such other acts and things and execute all such documents necessary or desirable to implement the Share Consolidation(s) (the “Share Consolidation Proposal”).

	For		Against		Abstain
	1,950,281		15,683		2,379

Accordingly, the Share Consolidation Proposal has been approved.  

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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: April 29, 2026	By:	/s/ Xiaoyue Zhang
		Xiaoyue Zhang Chief Executive Officer

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