Paranovus Entertainment Technology Raises $5 Million in Registered Direct Offering

Paranovus Entertainment Technology Limited has priced a $5 million registered direct offering of 14.29 million Class A ordinary shares at $0.35 per share. The offering is expected to close on March 25, 2026, and the net proceeds will be used for working capital and general corporate purposes. A.G.P./Alliance Global Partners is acting as the financial advisor for the offering.