Paranovus Entertainment regains Nasdaq compliance

Paranovus Entertainment (PAVS) announced that on January 6, it received notification from the Nasdaq Office of General Counsel stating that the company had regained compliance with the bid price requirement as set forth in Listing Rule 5550(a)(2) and that company is therefore in compliance with the Nasdaq Capital Market’s listing requirements. As a result, the scheduled hearing before the Hearings Panel on January 29 had been canceled and the matter was closed. The company’s Class A ordinary shares will continue to be listed and traded on The Nasdaq Capital Market under the ticker “PAVS.”