03:27 PM EDT, 03/24/2026 (MT Newswires) -- Paranovus Entertainment Technology ( PAVS ) said Tuesday that it has priced at-the-market direct offering under Nasdaq rules, generating roughly $5 million in gross proceeds.

The company said it will issue 14.3 million class A shares at $0.35 apiece.

Net proceeds will be used for working capital and general corporate purposes, the company said.

The offering is expected to close on or about Wednesday.

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