Paranovus Entertainment receives non-compliance letter from Nasdaq

Paranovus Entertainment (PAVS) Technology announced hat on July 11 the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market notifying the Company that the minimum bid price per share for its Class A ordinary shares has been below $1.00 for a period of 30 consecutive business days and the Company therefore no longer meets the minimum bid price requirements set forth in Nasdaq Listing Rule 5550. The notification received has no immediate effect on the listing of the Company’s Class A ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the Company has until January 7, 2026 to regain compliance. If at any time during such 180-day period the closing bid price of the Company’s Class A ordinary shares is at least $1 for a minimum of 10 consecutive business days, Nasdaq will provide the Company written confirmation of compliance.