Paranovus Entertainment Technology SEC Filings

Paranovus Entertainment Technology Limited reported the results of an extraordinary general meeting held on November 26, 2025. Shareholders representing 66,724,675 Class A votes and 12,245,100 Class B votes were present, exceeding the required quorum. They approved an amended memorandum and articles of association, subject to a separate Class B vote.

Shareholders also approved a Share Consolidation Proposal, allowing the board, in its discretion, to implement one or more reverse share splits at exchange ratios of up to 1-for-5,000 in total within two years, with fractional shares rounded up to a whole share. An increase in authorized share capital was also approved.

In a separate Class B shareholder meeting the same day, holders of all 12,245,100 Class B votes unanimously approved the amended memorandum and articles to reflect, among other things, a change of voting power, replacing the prior version.

Paranovus Entertainment Technology Ltd. (PAVS) has filed a Form F-3 shelf registration to offer up to $200,000,000 of securities. The shelf covers Class A ordinary shares, preferred shares, debt securities, warrants, rights and units, which may be sold in one or more offerings over time. Paranovus is now a Cayman holding company operating mainly through U.S. subsidiaries 2lab3 and majority-owned BW, focusing on AI-powered entertainment and TikTok-based e-commerce solutions. The company has exited its prior China-based nutraceutical, e‑commerce, advertising and auto sales businesses and currently reports no operating business in the PRC. As of this prospectus, 66,724,675 Class A and 612,255 Class B ordinary shares are outstanding, and any future sales under the shelf would provide capital for working capital, project development, commercialization and potential acquisitions aligned with its AI and marketing-commerce strategy.

Paranovus Entertainment Technology Limited filed a Form 6-K to notify investors that it has called an extraordinary general meeting of its Class B shareholders. The filing attaches the formal meeting notice and a proxy card as exhibits, which together outline the matters to be voted on and how Class B shareholders can submit their votes. As a foreign private issuer, the company notes that the meeting notice is not subject to review and comment by the SEC. Class B shareholders are encouraged to review the notice and related documents, which are available on the SEC’s website and the company’s website, or by written request to the company’s New York office.

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.

Paranovus Entertainment Technology Limited (PAVS) furnished a Form 6-K announcing an upcoming Extraordinary General Meeting and providing related materials. The filing includes a Notice of EGM and Proxy Statement as Exhibit 99.1 and a Proxy Card as Exhibit 99.2. As a foreign private issuer, the Notice is not subject to SEC review and comment.

Shareholders are urged to carefully read the Notice. The materials are available on the SEC’s website and on the Company’s website, with copies also available by mail. The Company and its directors and executive officers may be deemed participants in the proxy solicitation, with additional details set forth in the Notice.

Paranovus Entertainment Technology Limited entered a Sales Agreement with A.G.P./Alliance Global Partners to conduct an at-the-market offering of up to $100,000,000 of Class A Ordinary Shares, to be sold from time to time.

A.G.P. will act as sales agent and/or principal and use commercially reasonable efforts consistent with its normal trading practices. Sales may be made directly on the Nasdaq Capital Market, on other existing trading markets, to or through a market maker, or by other lawful methods deemed an at-the-market offering under Rule 415.

The agent’s commission is 3.5% of the gross proceeds on sales where it acts as sales agent. The offering is registered on Form F-3 (No. 333-275599) and is covered by a prospectus supplement dated October 28, 2025. The agreement includes customary representations, indemnification, conditions to sale, and termination rights.

Paranovus Entertainment Technology Ltd. (PAVS) launched an “at‑the‑market” offering to sell up to $100,000,000 of Class A Ordinary Shares through A.G.P./Alliance Global Partners as sales agent or principal. A.G.P. will receive a 3.5% commission on gross proceeds, and sales may occur from time to time at market prices.

The company plans to use any net proceeds for general corporate purposes, including working capital, operating expenses, capital expenditures, potential acquisitions, business development, and other strategic initiatives. Class A Ordinary Shares outstanding were 66,724,675 as of October 28, 2025. For illustration, if the full $100,000,000 were sold at $0.60 (the October 23, 2025 price), up to 166,666,667 new shares could be issued, taking Class A to 233,391,342, and investors would face immediate dilution as detailed in the filing.

The company received a Nasdaq notice on July 11, 2025 regarding minimum bid price noncompliance and has until January 7, 2026 to regain compliance.

Paranovus Entertainment Technology Limited furnished a Form 6-K as a foreign private issuer. The filing lists a single exhibit: Exhibit 16.1, a letter dated October 24, 2025, from Enrome LLP addressed to the U.S. Securities and Exchange Commission. The report was signed by Chief Executive Officer Xiaoyue Zhang. The company’s principal executive office is noted as 250 Park Avenue, 7th Floor, New York, NY 10177, with telephone 929-215-4832.

Paranovus Entertainment Technology Limited entered into a new short-term financing and extended existing insider loans. On September 18, 2025, the company issued an 8% promissory note with a principal amount of $250,000 to its board chairperson, Ms. Minzhu Xu, under a promissory note purchase agreement. The note matures 12 months after issuance and can be prepaid, and the proceeds are earmarked for general working capital.

The company also amended and restated earlier unsecured promissory notes issued to Ms. Xu with an aggregate original principal of $1,700,000.00 and to Mr. Guangrong Ao with an aggregate original principal of $2,250,000.00. The maturity date of each of these amended and restated notes is now extended to March 31, 2026. The new note to Ms. Xu was unanimously approved by the audit committee composed only of independent directors.

Paranovus Entertainment Technology Limited entered into a new short-term financing and extended existing insider loans. On September 18, 2025, the company issued an 8% promissory note with a principal amount of $250,000 to its board chairperson, Ms. Minzhu Xu, under a promissory note purchase agreement. The note matures 12 months after issuance and can be prepaid, and the proceeds are earmarked for general working capital.

The company also amended and restated earlier unsecured promissory notes issued to Ms. Xu with an aggregate original principal of $1,700,000.00 and to Mr. Guangrong Ao with an aggregate original principal of $2,250,000.00. The maturity date of each of these amended and restated notes is now extended to March 31, 2026. The new note to Ms. Xu was unanimously approved by the audit committee composed only of independent directors.