• Paranovus Entertainment Technology raised about $10 million in a registered direct offering that closed June 16, 2026.
• Issued 9,300,000 Class A ordinary shares priced at $0.2 per share.
• Sold pre-funded warrants for 40,700,000 Class A shares at $0.2 each; exercise price $0.0001 per share.
• Agreed to a 45-day issuance and registration standstill, subject to exceptions.
• A.G.P./Alliance Global Partners served as exclusive financial advisor; 7% cash fee on gross proceeds.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paranovus Entertainment Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001929980-26-000269), on June 16, 2026, and is solely responsible for the information contained therein.