Paranovus shares surge 53.24% intraday after announcing extraordinary general meeting for Class B shareholders.

Paranovus Entertainment Technology surged 53.24% intraday after announcing an extraordinary general meeting for its Class B shareholders, including proxy cards for voting. The meeting, which involves soliciting proxies from Class B shareholders, follows a year in which the stock has declined nearly 58%. While the agenda remains undisclosed, the company emphasized the importance of reviewing the proxy materials, which are available on the SEC and its website. The sharp intraday rally suggests market speculation that the meeting could address significant corporate actions, such as governance changes or strategic initiatives, potentially reigniting investor interest in the micro-cap stock.