{"id":836455,"date":"2025-04-10T17:33:58","date_gmt":"2025-04-10T21:33:58","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/"},"modified":"2025-04-10T17:33:58","modified_gmt":"2025-04-10T21:33:58","slug":"paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/","title":{"rendered":"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\"><br \/>\n          <span class=\"xn-location\">NEW YORK<\/span><br \/>\n        <\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">April 10, 2025<\/span><\/span> \/PRNewswire\/ &#8212; Paranovus Entertainment Technology Limited (&#8220;PAVS&#8221; or the &#8220;Company&#8221;), (NASDAQ: PAVS)\u00a0announced today that it has received a letter from the Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;), dated <span class=\"xn-chron\">April 9, 2025<\/span> (the &#8220;Deficiency Letter&#8221;), 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 (the &#8220;Filing&#8221;) for the period ended September 30, 2024, reporting interim financial information for the six-month period there ended.<\/p>\n<p>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 (the &#8220;Compliance Plan&#8221;). If Nasdaq accepts the Compliance Plan, Nasdaq may grant the Company an exception of up to 180 calendar days from the Filing&#8217;s due date, or until <span class=\"xn-chron\">September 29, 2025<\/span>, to regain compliance. The Company intends either to file the required Filing or submit the Compliance Plan within the prescribed 60-day period.<\/p>\n<p>The Deficiency Letter has no immediate impact on the listing of the Company&#8217;s Class A ordinary shares on the Nasdaq Capital Market.<\/p>\n<p>This announcement is made in compliance with Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a deficiency notification.<\/p>\n<p>\n        <b>About Paranovus Entertainment Technology Limited<\/b>\n      <\/p>\n<p>Paranovus Entertainment Technology Ltd. focuses on the development of AI-powered entertainment products, including AI-driven games and applications, as well as TikTok-related e-commerce solutions through its subsidiary. The Company is committed to delivering immersive and engaging experiences through innovative AI and digital commerce platforms.<\/p>\n<p>In <span class=\"xn-chron\">March 2025<\/span>, the Company completed the acquisition of the controlling equity interests of Bomie Wookoo Inc., a <span class=\"xn-location\">New York<\/span> company that offers e-commerce solutions. As part of its strategic transformation, Paranovus has exited its legacy businesses, including the e-commerce, internet information, and advertising businesses in <span class=\"xn-chron\">September 2023<\/span> and ceased its automobile sales business in <span class=\"xn-chron\">July 2024<\/span>.<\/p>\n<p>For more information on our latest innovations and developments, visit <a href=\"https:\/\/www.pavs.ai\/\" target=\"_blank\" rel=\"nofollow\">https:\/\/www.pavs.ai\/<\/a>.<\/p>\n<p>\n        <b>Forward-Looking Statements<\/b>\n      <\/p>\n<p>\n        <i>This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as &#8220;may, &#8220;will, &#8220;intend,&#8221; &#8220;should,&#8221; &#8220;believe,&#8221; &#8220;expect,&#8221; &#8220;anticipate,&#8221; &#8220;project,&#8221; &#8220;estimate&#8221; or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company&#8217;s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following:\u00a0 the Company&#8217;s goals and strategies; the Company&#8217;s future business development; the Company&#8217;s future acquisition opportunities; the Company&#8217;s ability to identify any acquisition opportunities that fit with our business strategies;<\/i><br \/>\n        <i>the Company&#8217;s ability to consummate an attractive acquisition and realize the benefits of such transaction; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic, the COVID-19 outbreak and its impact on our operations and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission.\u00a0 For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company&#8217;s filings with the U.S. Securities and Exchange Commission, which are available for review at <a href=\"http:\/\/www.sec.gov\" rel=\"nofollow\">www.sec.gov<\/a>. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.<\/i>\n      <\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN62632&amp;sd=2025-04-10\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information-302426093.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information-302426093.html<\/a><\/p>\n<p>SOURCE  Paranovus Entertainment Technology Ltd.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CN62632&amp;Transmission_Id=202504101730PR_NEWS_USPR_____CN62632&amp;DateId=20250410\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , April 10, 2025 \/PRNewswire\/ &#8212; Paranovus Entertainment Technology Limited (&#8220;PAVS&#8221; or the &#8220;Company&#8221;), (NASDAQ: PAVS)\u00a0announced today that it has received a letter from the Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;), dated April 9, 2025 (the &#8220;Deficiency Letter&#8221;), 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 (the &#8220;Filing&#8221;) 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-836455","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , April 10, 2025 \/PRNewswire\/ &#8212; Paranovus Entertainment Technology Limited (&#8220;PAVS&#8221; or the &#8220;Company&#8221;), (NASDAQ: PAVS)\u00a0announced today that it has received a letter from the Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;), dated April 9, 2025 (the &#8220;Deficiency Letter&#8221;), 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 (the &#8220;Filing&#8221;) 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 &hellip; Continue reading &quot;Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-04-10T21:33:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN62632&amp;sd=2025-04-10\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information\",\"datePublished\":\"2025-04-10T21:33:58+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\\\/\"},\"wordCount\":657,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/c212.net\\\/c\\\/img\\\/favicon.png?sn=CN62632&amp;sd=2025-04-10\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\\\/\",\"name\":\"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/","og_locale":"en_US","og_type":"article","og_title":"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information - Market Newsdesk","og_description":"PR Newswire NEW YORK , April 10, 2025 \/PRNewswire\/ &#8212; Paranovus Entertainment Technology Limited (&#8220;PAVS&#8221; or the &#8220;Company&#8221;), (NASDAQ: PAVS)\u00a0announced today that it has received a letter from the Nasdaq Stock Market LLC (&#8220;Nasdaq&#8221;), dated April 9, 2025 (the &#8220;Deficiency Letter&#8221;), 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 (the &#8220;Filing&#8221;) 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 &hellip; Continue reading \"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/","og_site_name":"Market Newsdesk","article_published_time":"2025-04-10T21:33:58+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN62632&amp;sd=2025-04-10","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information","datePublished":"2025-04-10T21:33:58+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/"},"wordCount":657,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN62632&amp;sd=2025-04-10","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-received-nasdaq-notification-letter-related-to-late-filing-of-form-6-k-reporting-interim-financial-information\/","name":"Paranovus Entertainment Technology Limited Received Nasdaq Notification Letter Related to Late Filing of Form 6-K Reporting Interim Financial Information - 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