Paranovus announces 1-for-12 reverse share split; shares down

* Paranovus Entertainment Technology (PAVS [https://seekingalpha.com/symbol/PAVS]) will implement a 1-for-12 reverse share split [https://seekingalpha.com/pr/20454078-paranovus-entertainment-technology-limited-announces-1-forminus-12-reverse-share-split] of its Class A ordinary shares.
* The adjusted shares will begin trading on Nasdaq Capital Market on March 31, 2026.
* Outstanding shares will decrease from about 11.34M to ~944,778 after the split.
* PAVS shares down 16%.

MORE ON PARANOVUS ENTERTAINMENT TECHNOLOGY LTD.

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* Financial information for Paranovus Entertainment Technology Ltd. [https://seekingalpha.com/symbol/PAVS/income-statement]