Paranovus Entertainment Technology SEC Filings

Paranovus Entertainment Technology Limited terminated its at-the-market share sales agreement with AC Sunshine Securities LLC by mutual consent, effective June 14, 2026. The agreement had allowed sales of Class A ordinary shares under an existing registration statement and prospectus supplement.

By the time of termination, Paranovus had sold 39,248,940 Class A ordinary shares, with a par value of $0.000012 each, for total gross proceeds of $30,967,191. The filing does not describe any replacement sales program or new capital-raising arrangement.

Paranovus Entertainment Technology Limited terminated its at-the-market share sales agreement with AC Sunshine Securities LLC by mutual consent, effective June 14, 2026. The agreement had allowed sales of Class A ordinary shares under an existing registration statement and prospectus supplement.

By the time of termination, Paranovus had sold 39,248,940 Class A ordinary shares, with a par value of $0.000012 each, for total gross proceeds of $30,967,191. The filing does not describe any replacement sales program or new capital-raising arrangement.

Paranovus Entertainment Technology Ltd. is establishing an at-the-market program to sell up to $194,999,999.75 of Class A Ordinary Shares under its Form F-3 shelf registration. The company appointed AC Sunshine Securities LLC as sales agent or principal for these sales.

The shares may be sold from time to time on the Nasdaq Capital Market or other trading markets in transactions deemed an at-the-market offering. Paranovus will pay the sales agent a 3.5% commission on the gross proceeds of shares it places. Both parties can terminate the sales agreement by written notice, and the arrangement includes customary representations, warranties, and indemnification provisions.

Paranovus Entertainment Technology Ltd. is offering up to $194,999,999.75 of Class A Ordinary Shares in an at-the-market offering through AC Sunshine Securities LLC as sales agent. The offering may be made from time to time under a Sales Agreement dated June 4, 2026.

Prior to the offering there were 1,536,122 Class A Ordinary Shares and 23,839 Class B Ordinary Shares outstanding. The prospectus illustrates an illustrative post-offering share count of 189,036,122 Class A Ordinary Shares assuming sales of the full aggregate amount at a $1.04 per share price. Net proceeds are to be used for potential strategic acquisitions, investment in operations and general corporate purposes.

Paranovus Entertainment Technology Ltd. entered into a financing arrangement by purchasing a secured convertible promissory note from Knox Golf Academy, Inc. with an aggregate principal amount of up to US$1,000,000. The note is funded in two tranches of US$500,000 each, with the second tranche at Paranovus’s sole discretion.

The outstanding principal bears interest at 10% per annum and has a term of twelve months from the first disbursement. Paranovus may elect to convert the note into Knox common stock using a formula tied to qualifying golf course renovation costs, up to a maximum of $10.0 million in such costs. The note is secured by substantially all Knox assets and all Knox equity interests, is guaranteed by Knox’s controlling shareholder who owns about 80% of Knox, and gives Paranovus the right to appoint one director to Knox’s board.

Paranovus Entertainment Technology Ltd. held an extraordinary shareholders’ meeting where investors approved several key capital structure changes. Shareholders representing 67.12% of the voting power formed a quorum, with Class A shares carrying one vote each and Class B shares carrying eighty votes each.

They approved a Capital Increase Proposal, a seventh amended and restated memorandum and articles of association, and a Share Consolidation Proposal. The board now has discretion, for up to two years, to implement one or more reverse share splits with a cumulative consolidation ratio of up to 1:5,000, with fractional shares rounded up to the next whole share.

Paranovus Entertainment Technology Limited filed a Form 6-K to distribute the notice and proxy materials for an upcoming extraordinary general meeting of shareholders. The filing includes a notice of the meeting and a proxy card as exhibits, and explains how shareholders can access these documents.

The company, a foreign private issuer, urges shareholders to read the notice carefully because it contains important information about the company and the extraordinary general meeting. Materials are available on the SEC’s website, the company’s website, or by written request to its New York office.

Paranovus Entertainment Technology Ltd. director Xu Minzhu filed an initial ownership report showing existing holdings in the company’s ordinary shares. The filing lists 334 Class A Ordinary Shares held directly and 3,836 Class B Ordinary Shares held indirectly through HAPPY GROUP INC.

According to the disclosure, Xu holds 100% of the economic interest in HAPPY GROUP INC and has voting and investment control over the Class B shares held by that entity. The Form 3 does not report any new purchases or sales, only Xu’s ownership position as of the reporting date.

Paranovus Entertainment Technology Ltd. entered into a securities purchase agreement with Happy Group Inc., an entity wholly owned by Chairwoman Minzhu Xu. The affiliate purchased 20,000 Class B ordinary shares at US$3.2 per share, a price equal to 150% of the March 31, 2026 Nasdaq closing price of the Class A ordinary shares, generating US$64,000 in gross proceeds. The Class B shares were issued under Regulation S, and the transaction closed on April 1, 2026 after audit committee approval. Following the transaction, Minzhu Xu, through Happy Group Inc., beneficially owns 333 Class A shares and 23,836 Class B shares, representing approximately 67% of the aggregate voting power of the Company’s outstanding ordinary shares.

Paranovus Entertainment Technology Limited closed a registered direct offering raising gross proceeds of about $5 million. The deal included 330,000 Class A ordinary shares at $0.35 per share and pre-funded warrants to purchase up to 13,955,715 shares at $0.3499 each.

The pre-funded warrants are immediately exercisable at an exercise price of $0.0001 per share until fully exercised. Paranovus agreed not to issue additional equity or file new registration statements, subject to exceptions, for roughly 30 days after closing.

A.G.P./Alliance Global Partners acted as exclusive financial advisor, earning a cash fee equal to 7% of gross proceeds plus up to $50,000 of expenses. Company officers, directors and >5% shareholders entered 30‑day lock-up agreements. Net proceeds are intended for working capital and general corporate purposes.

Paranovus Entertainment Technology Ltd. filed a prospectus supplement registering an offering of 330,000 Class A Ordinary Shares and pre-funded warrants to purchase up to 13,955,715 Class A Ordinary Shares at a public offering price of $0.35 per share (pre-funded warrant price $0.3499, exercise price $0.0001).

The prospectus states gross offering math and estimated net proceeds of approximately $4,540,000 (after fees and estimated expenses, assuming full exercise). The filing notes a Beneficial Ownership Limitation of 4.99% applicable to purchasers who would otherwise exceed that threshold and discloses Nasdaq listing of Class A shares under the symbol PAVS.