Paranovus Entertainment Technology Limited Regains Compliance with Nasdaq Periodic Financial Reports Filing Rule
Paranovus Entertainment Technology (NASDAQ: PAVS) has successfully regained compliance with Nasdaq's listing requirements, as confirmed by a formal notification received on April 25, 2025. The company had faced a listing rule compliance issue under Rule 5250(c)(2).
The compliance was restored after PAVS submitted its Form 6-K on April 24, 2025, which included the required interim financial statements for the six-month period ending September 30, 2024. Following this submission, Nasdaq staff reviewed and confirmed that the company now meets all necessary listing criteria.
With this development, the filing delinquency matter has been officially closed, ensuring PAVS maintains its position on the Nasdaq exchange.
Paranovus Entertainment Technology (NASDAQ: PAVS) ha riconquistato con successo la conformità ai requisiti di quotazione del Nasdaq, come confermato da una notifica ufficiale ricevuta il 25 aprile 2025. La società aveva affrontato un problema di conformità alle regole di quotazione secondo la Regola 5250(c)(2).
La conformità è stata ripristinata dopo che PAVS ha presentato il suo Modulo 6-K il 24 aprile 2025, contenente i bilanci intermedi richiesti per il periodo di sei mesi terminato il 30 settembre 2024. Dopo questa presentazione, il personale del Nasdaq ha esaminato e confermato che la società soddisfa ora tutti i criteri necessari per la quotazione.
Con questo sviluppo, la questione del ritardo nella presentazione dei documenti è stata ufficialmente chiusa, garantendo a PAVS di mantenere la sua posizione sul mercato Nasdaq.
Paranovus Entertainment Technology (NASDAQ: PAVS) ha recuperado con éxito el cumplimiento de los requisitos de cotización de Nasdaq, según lo confirmado por una notificación formal recibida el 25 de abril de 2025. La empresa había enfrentado un problema de cumplimiento de las reglas de cotización bajo la Regla 5250(c)(2).
El cumplimiento se restauró después de que PAVS presentara su Formulario 6-K el 24 de abril de 2025, que incluía los estados financieros interinos requeridos para el período de seis meses que finalizó el 30 de septiembre de 2024. Tras esta presentación, el personal de Nasdaq revisó y confirmó que la empresa ahora cumple con todos los criterios necesarios para la cotización.
Con este avance, el asunto de la falta de presentación se ha cerrado oficialmente, asegurando que PAVS mantenga su posición en la bolsa Nasdaq.
Paranovus Entertainment Technology (NASDAQ: PAVS)는 2025년 4월 25일에 받은 공식 통지서에 따라 나스닥 상장 요건을 성공적으로 회복했습니다. 회사는 Rule 5250(c)(2)에 따른 상장 규정 준수 문제를 겪었습니다.
PAVS는 2025년 4월 24일에 2024년 9월 30일 종료된 6개월 기간의 중간 재무제표를 포함한 Form 6-K를 제출한 후 준수가 복원되었습니다. 이 제출 후 나스닥 직원들이 검토하여 회사가 이제 모든 필요한 상장 기준을 충족함을 확인했습니다.
이로써 제출 지연 문제는 공식적으로 종료되어 PAVS가 나스닥 거래소에서의 지위를 유지할 수 있게 되었습니다.
Paranovus Entertainment Technology (NASDAQ : PAVS) a réussi à retrouver sa conformité aux exigences de cotation du Nasdaq, comme confirmé par une notification officielle reçue le 25 avril 2025. La société avait rencontré un problème de conformité aux règles de cotation en vertu de la règle 5250(c)(2).
La conformité a été rétablie après que PAVS ait soumis son formulaire 6-K le 24 avril 2025, incluant les états financiers intermédiaires requis pour la période de six mois se terminant le 30 septembre 2024. Suite à cette soumission, le personnel du Nasdaq a examiné et confirmé que la société remplit désormais tous les critères nécessaires à la cotation.
Avec cette évolution, la question du retard de dépôt a été officiellement clôturée, assurant à PAVS le maintien de sa position sur le marché Nasdaq.
Paranovus Entertainment Technology (NASDAQ: PAVS) hat die Einhaltung der Nasdaq-Listing-Anforderungen erfolgreich wiederhergestellt, wie durch eine formelle Benachrichtigung vom 25. April 2025 bestätigt wurde. Das Unternehmen hatte ein Compliance-Problem gemäß Regel 5250(c)(2) gehabt.
Die Compliance wurde wiederhergestellt, nachdem PAVS am 24. April 2025 sein Formular 6-K eingereicht hatte, das die erforderlichen Zwischenfinanzberichte für den Sechsmonatszeitraum bis zum 30. September 2024 enthielt. Nach dieser Einreichung prüfte das Nasdaq-Personal und bestätigte, dass das Unternehmen nun alle notwendigen Listing-Kriterien erfüllt.
Mit dieser Entwicklung ist die Angelegenheit der verspäteten Einreichung offiziell abgeschlossen, wodurch PAVS seine Position an der Nasdaq-Börse behält.
- Company regained Nasdaq listing compliance
- Risk of potential delisting removed
- None.
Insights
Paranovus resolves Nasdaq listing compliance issues, removing delisting risk and maintaining market accessibility for investors.
The notification from Nasdaq that Paranovus Entertainment Technology Limited has regained compliance with Listing Rule 5250(c)(2) is significant for shareholders. This rule specifically pertains to the timely filing of periodic financial reports, which is a fundamental requirement for maintaining a Nasdaq listing.
The company remedied its non-compliance by furnishing Form 6-K with its interim financial statements for the six months ended September 30, 2024. With the filing delinquency matter now officially closed, Paranovus has eliminated a critical regulatory risk that could have eventually led to delisting procedures.
For context, companies that fail to maintain exchange listing requirements can face delisting, forcing their securities to trade on less regulated over-the-counter markets. This typically results in reduced liquidity, decreased institutional investor interest, lower analyst coverage, and potentially more challenging capital-raising conditions.
The resolution of this compliance issue preserves Paranovus's access to the benefits of a major exchange listing, including greater market visibility, trading volume, and investor confidence in the regulatory oversight of the company.
The Nasdaq staff has determined that the Company complies with the Rule based on the Form 6-K furnished by the Company on April 24, 2025, disclosing its interim financial statements for the six-month ended September 30, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5250(c)(2) and this filing delinquency matter is now closed.
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
For more information, please contact:
Michael Chen
929.288.7418
michael@pavs.ai
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SOURCE Paranovus Entertainment Technology Ltd.
FAQ
Why did PAVS stock receive a Nasdaq compliance notice in April 2025?
What financial reports did Paranovus (PAVS) submit to regain Nasdaq compliance?
Will PAVS stock continue trading on Nasdaq after April 2025?
What is Nasdaq Listing Rule 5250(c)(2) that PAVS complied with?
How long was PAVS out of compliance with Nasdaq rules?
