Paranovus Entertainment Technology Limited Regains Compliance with Nasdaq Minimum Closing Bid Price Rule

January 01, 2025 | 04:59

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Paranovus Entertainment Technology Limited, announced today that it received a formal notification from the Nasdaq Stock Market LLC that the Company has regained compliance with Nasdaq Listing Rule 5550.

NEW YORK, Jan. 1, 2025 /PRNewswire/ -- Paranovus Entertainment Technology Limited ("PAVS" or the "Company"), (NASDAQ: PAVS) announced today that it received a formal notification from the Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2), which requires the Company's Class A ordinary shares ("Ordinary Shares") to maintain a minimum bid price of $1.00 per share.

The Nasdaq staff made this determination of compliance after the closing bid price of the Company's Ordinary Shares has been at $1.00 per share or greater for the last 10 consecutive business days from December 13, 2024, to December 30, 2024. Accordingly, the Company has regained compliance with Nasdaq Listing Rule 5550(a)(2) and this bid price deficiency matter is now closed.

For more information on our latest innovations and developments, visit https://www.pavs.ai/.

By PR Newswire

Paranovus Entertainment Technology Ltd.

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