Paranovus Entertainment receives Nasdaq notification letter

Paranovus Entertainment (PAVS) Technology Limited announced that it has received a letter from the Nasdaq Stock Market LLC, dated April 9, 2025, notifying the company that it is not in compliance with the requirements for continued listing set forth in Nasdaq Listing Rule 5250(c)(2) because it did not timely file its Form 6-K for the period ended September 30, 2024, reporting interim financial information for the six-month period there ended. 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. 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.