{"id":870008,"date":"2025-07-15T17:40:41","date_gmt":"2025-07-15T21:40:41","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/"},"modified":"2025-07-15T17:40:41","modified_gmt":"2025-07-15T21:40:41","slug":"paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/","title":{"rendered":"Paranovus Entertainment Technology Limited Announces Receipt of a Bid Deficiency Notice from Nasdaq"},"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\">July 15, 2025<\/span><\/span> \/PRNewswire\/ &#8212;\u00a0Paranovus Entertainment Technology Limited (&#8220;PAVS&#8221; or the &#8220;Company&#8221;), <b>(<\/b>NASDAQ: PAVS)\u00a0announced today that on <span class=\"xn-chron\">July 11, 2025<\/span>, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (&#8220;Nasdaq&#8221;), notifying the Company that the minimum bid price per share for its Class A ordinary shares has been below <span class=\"xn-money\">$1.00<\/span> 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(a)(2).<\/p>\n<p>The notification received has no immediate effect on the listing of the Company&#8217;s Class A ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the Company has until <span class=\"xn-chron\">January 7<\/span>, 2026\u00a0to regain compliance. If at any time during such 180-day period the closing bid price of the Company&#8217;s Class A ordinary shares is at least <span class=\"xn-money\">$1<\/span> for a minimum of 10 consecutive business days, Nasdaq will provide the Company written confirmation of compliance.<\/p>\n<p>If the Company does not regain compliance during such 180-day period, the Company may be eligible for an additional 180 calendar days, provided that the Company meets the continued listing requirement for market value of publicly held shares and all other initial listing standards for Nasdaq except for Nasdaq Listing Rule 5550(a)(2), and provide a written notice of its intention to cure this deficiency during the second compliance period, by effecting a reverse stock split, if necessary.\u00a0<\/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>\u00a0<\/p>\n<p>\u00a0<\/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=CN30826&amp;sd=2025-07-15\" \/> View original content:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq-302505857.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq-302505857.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=CN30826&amp;Transmission_Id=202507151615PR_NEWS_USPR_____CN30826&amp;DateId=20250715\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire NEW YORK , July 15, 2025 \/PRNewswire\/ &#8212;\u00a0Paranovus Entertainment Technology Limited (&#8220;PAVS&#8221; or the &#8220;Company&#8221;), (NASDAQ: PAVS)\u00a0announced today that on July 11, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (&#8220;Nasdaq&#8221;), 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(a)(2). The notification received has no immediate effect on the listing of the Company&#8217;s Class A ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the Company has until January &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Paranovus Entertainment Technology Limited Announces Receipt of a Bid Deficiency Notice from Nasdaq&#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-870008","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 Announces Receipt of a Bid Deficiency Notice from Nasdaq - 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-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/\" \/>\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 Announces Receipt of a Bid Deficiency Notice from Nasdaq - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire NEW YORK , July 15, 2025 \/PRNewswire\/ &#8212;\u00a0Paranovus Entertainment Technology Limited (&#8220;PAVS&#8221; or the &#8220;Company&#8221;), (NASDAQ: PAVS)\u00a0announced today that on July 11, 2025, the Company received a notification letter from the Nasdaq Listing Qualifications Staff of The NASDAQ Stock Market LLC (&#8220;Nasdaq&#8221;), 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(a)(2). The notification received has no immediate effect on the listing of the Company&#8217;s Class A ordinary shares on Nasdaq. 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The notification received has no immediate effect on the listing of the Company&#8217;s Class A ordinary shares on Nasdaq. Under the Nasdaq Listing Rules, the Company has until January &hellip; Continue reading \"Paranovus Entertainment Technology Limited Announces Receipt of a Bid Deficiency Notice from Nasdaq\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/","og_site_name":"Market Newsdesk","article_published_time":"2025-07-15T21:40:41+00:00","og_image":[{"url":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN30826&amp;sd=2025-07-15","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-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Paranovus Entertainment Technology Limited Announces Receipt of a Bid Deficiency Notice from Nasdaq","datePublished":"2025-07-15T21:40:41+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/"},"wordCount":674,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/#primaryimage"},"thumbnailUrl":"https:\/\/c212.net\/c\/img\/favicon.png?sn=CN30826&amp;sd=2025-07-15","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/paranovus-entertainment-technology-limited-announces-receipt-of-a-bid-deficiency-notice-from-nasdaq\/","name":"Paranovus Entertainment Technology Limited Announces Receipt of a Bid Deficiency Notice from Nasdaq - 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