Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information
Paranovus Entertainment Technology (NASDAQ: PAVS) has received a notification from Nasdaq on April 9, 2025, regarding its non-compliance with listing requirements. The company failed to file its Form 6-K for the period ended September 30, 2024, which should contain interim financial information for the six-month period.
PAVS has been given 60 calendar days to submit a compliance plan to Nasdaq. If the plan is accepted, Nasdaq may grant an extension of up to 180 calendar days from the original filing due date, until September 29, 2025, to regain compliance. The company plans to either file the required Form 6-K or submit a compliance plan within the 60-day window.
The notification currently has no immediate impact on PAVS's listing status on the Nasdaq Capital Market.
Paranovus Entertainment Technology (NASDAQ: PAVS) ha ricevuto una notifica da Nasdaq il 9 aprile 2025, riguardo alla sua non conformità ai requisiti di quotazione. L'azienda non ha presentato il proprio Modulo 6-K per il periodo terminato il 30 settembre 2024, che dovrebbe contenere informazioni finanziarie intermedie per il periodo di sei mesi.
PAVS ha ricevuto 60 giorni di calendario per presentare un piano di conformità a Nasdaq. Se il piano viene accettato, Nasdaq potrebbe concedere un'estensione fino a 180 giorni di calendario dalla data di scadenza originale della presentazione, fino al 29 settembre 2025, per ripristinare la conformità. L'azienda prevede di presentare il Modulo 6-K richiesto o di inviare un piano di conformità entro il termine di 60 giorni.
La notifica attualmente non ha alcun impatto immediato sullo stato di quotazione di PAVS nel Nasdaq Capital Market.
Paranovus Entertainment Technology (NASDAQ: PAVS) ha recibido una notificación de Nasdaq el 9 de abril de 2025, sobre su incumplimiento de los requisitos de cotización. La compañía no presentó su Formulario 6-K para el período que finalizó el 30 de septiembre de 2024, el cual debería contener información financiera interina para el período de seis meses.
PAVS ha sido otorgado 60 días calendario para presentar un plan de cumplimiento a Nasdaq. Si el plan es aceptado, Nasdaq podría conceder una extensión de hasta 180 días calendario a partir de la fecha original de presentación, hasta el 29 de septiembre de 2025, para recuperar la conformidad. La empresa planea presentar el Formulario 6-K requerido o enviar un plan de cumplimiento dentro de la ventana de 60 días.
La notificación actualmente no tiene ningún impacto inmediato en el estado de cotización de PAVS en el Nasdaq Capital Market.
Paranovus Entertainment Technology (NASDAQ: PAVS)는 2025년 4월 9일 Nasdaq으로부터 상장 요건 미준수에 대한 통지를 받았습니다. 이 회사는 2024년 9월 30일 종료된 기간에 대한 6-K 양식을 제출하지 않았으며, 이 양식에는 6개월 동안의 중간 재무 정보가 포함되어야 합니다.
PAVS는 Nasdaq에 준수 계획을 제출할 수 있는 60일의 기간을 부여받았습니다. 계획이 승인되면, Nasdaq은 원래 제출 마감일로부터 180일까지 연장을 허용할 수 있으며, 이는 2025년 9월 29일까지 준수를 회복할 수 있는 기회를 제공합니다. 회사는 60일 이내에 필요한 6-K 양식을 제출하거나 준수 계획을 제출할 계획입니다.
현재 통지는 PAVS의 Nasdaq Capital Market 상장 상태에 즉각적인 영향을 미치지 않습니다.
Paranovus Entertainment Technology (NASDAQ: PAVS) a reçu une notification de Nasdaq le 9 avril 2025, concernant son non-respect des exigences de cotation. L'entreprise n'a pas soumis son Formulaire 6-K pour la période se terminant le 30 septembre 2024, qui devrait contenir des informations financières intermédiaires pour la période de six mois.
PAVS a reçu 60 jours calendaires pour soumettre un plan de conformité à Nasdaq. Si le plan est accepté, Nasdaq pourrait accorder une prolongation allant jusqu'à 180 jours calendaires à partir de la date limite de dépôt initiale, jusqu'au 29 septembre 2025, pour retrouver sa conformité. L'entreprise prévoit de soumettre soit le Formulaire 6-K requis, soit un plan de conformité dans le délai de 60 jours.
La notification n'a actuellement aucun impact immédiat sur le statut de cotation de PAVS sur le Nasdaq Capital Market.
Paranovus Entertainment Technology (NASDAQ: PAVS) hat am 9. April 2025 eine Mitteilung von Nasdaq bezüglich seiner Nichteinhaltung der Listungsanforderungen erhalten. Das Unternehmen hat sein Formular 6-K für den Zeitraum bis zum 30. September 2024 nicht eingereicht, das zwischenzeitliche Finanzinformationen für den sechsmonatigen Zeitraum enthalten sollte.
PAVS wurde 60 Kalendertage eingeräumt, um einen Compliance-Plan bei Nasdaq einzureichen. Wenn der Plan akzeptiert wird, kann Nasdaq eine Verlängerung von bis zu 180 Kalendertagen ab dem ursprünglichen Abgabetermin gewähren, bis zum 29. September 2025, um die Einhaltung wiederherzustellen. Das Unternehmen plant, entweder das erforderliche Formular 6-K einzureichen oder innerhalb des 60-tägigen Zeitraums einen Compliance-Plan vorzulegen.
Die Mitteilung hat derzeit keine unmittelbaren Auswirkungen auf den Listungsstatus von PAVS im Nasdaq Capital Market.
- Company granted 60-day period to submit compliance plan
- Possibility of obtaining 180-day extension to resolve the issue
- No immediate impact on Nasdaq listing status
- Failed to file mandatory Form 6-K financial report on time
- Non-compliance with Nasdaq listing requirements
- Risk of potential delisting if compliance is not achieved within the extended deadline
In accordance with Nasdaq Listing Rules, the Company has 60 calendar days from the date of the Deficiency Letter to submit a plan to regain compliance with Nasdaq Listing Rules (the "Compliance Plan"). If Nasdaq accepts the Compliance Plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the Filing's due date, or until September 29, 2025, to regain compliance. The Company intends either to file the required Filing or submit the Compliance Plan within the prescribed 60-day period.
The Deficiency Letter has no immediate impact on the listing of the Company's Class A ordinary shares on the Nasdaq Capital Market.
This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.
About Paranovus Entertainment Technology Limited
Paranovus Entertainment Technology Ltd. focuses on the development of AI-powered entertainment products, including AI-driven games and applications, as well as TikTok-related e-commerce solutions through its subsidiary. The Company is committed to delivering immersive and engaging experiences through innovative AI and digital commerce platforms.
In March 2025, the Company completed the acquisition of the controlling equity interests of Bomie Wookoo Inc., a
For more information on our latest innovations and developments, visit https://www.pavs.ai/.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may, "will, "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; the Company's future acquisition opportunities; the Company's ability to identify any acquisition opportunities that fit with our business strategies; the Company's ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the
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FAQ
What is the deadline for PAVS to submit its compliance plan to Nasdaq?
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Will PAVS be immediately delisted from Nasdaq due to this notification?
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