Paranovus Secures $5M Funding through Registered Direct Offering
ByAinvest
Tuesday, Mar 24, 2026 4:05 pm ET1min read
PAVS--
Paranovus Entertainment Technology (PAVS) has entered a definitive agreement for a registered direct offering with an institutional investor. The offering includes 14.29M Class A ordinary shares priced at $0.35/share, with total gross proceeds expected to be ~$5M. Proceeds will be used for working capital and general corporate purposes. The transaction is expected to close on March 25, 2026.
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