PAVS Targets $10 Million Expansion Through Direct Share Offering
Paranovus Entertainment Technology is raising $10 million through a registered direct offering of 50 million Class A ordinary shares or pre-funded warrants. Priced at $0.20 per share, the move aims to fuel a series of strategic acquisitions across the wellness, fitness, and digital commerce sectors starting June 2026.
The company expects the transaction to close around June 16, 2026, pending standard closing conditions. A.G.P./Alliance Global Partners is serving as the exclusive financial advisor for the deal. Proceeds from the offering are earmarked for working capital and general corporate needs, alongside the pursuit of new business opportunities to bolster the firm’s consumer products portfolio.
This capital raise follows a period of significant structural shifts for the New York-based firm. Since 2023, Paranovus has moved away from legacy advertising and internet information services, further divesting its automotive sales arm by July 2024. The company’s recent trajectory includes the March 2025 acquisition of Bomie Wookoo Inc., a move that cemented its current focus on e-commerce solutions.
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