Paranovus Entertainment Technology Ltd. closed its acquisition of substantially all assets related to the athletic wear brand Heyviva from Jabanero Inc. for $33,000,000 in cash on August 5, 2026. The purchase price was paid in installments: $16,500,000 at execution, with subsequent payments tied to the transfer of domain names, U.S. trademarks, and other assets within five business days of completion. Paranovus retains a seven-year right of first refusal on Jabanero's EU/UK trademark registrations. The company states the transaction creates synergies with its social commerce capabilities. Paranovus Entertainment Technology Ltd. operates in the technology and e-commerce industry, providing social commerce solutions.

Paranovus Entertainment Technology Ltd. announced a change in its certifying accountant from HHL LLP to HCL, PLLC effective June 26, 2026. Additionally, the company entered into a securities purchase agreement with Happy Group Inc., an affiliate of the company's Chairwoman, Minzhu Xu, for the issuance of 12,500 Class B ordinary shares at $8.00 per share, generating $100,000 in gross proceeds. Following the transaction, Minzhu Xu beneficially owns approximately 54.32% of the aggregate voting power. Paranovus Entertainment Technology Ltd. operates in the entertainment technology industry.

Paranovus Entertainment Technology Limited closed a $10 million registered direct offering on June 16, 2026, consisting of 9,300,000 Class A ordinary shares at $0.20 per share and 40,700,000 pre-funded warrants at $0.1999 per warrant. The company intends to use the net proceeds for working capital and general corporate purposes. Paranovus Entertainment Technology Limited operates in the entertainment technology industry and provides technology-driven entertainment services.

Paranovus Entertainment Technology Limited terminated its at-the-market offering sales agreement with AC Sunshine Securities LLC on June 14, 2026. Prior to termination, the company sold 39,248,940 Class A Ordinary Shares for gross proceeds of $30,967,191. The company operates in the entertainment technology industry.

On June 4, 2026, Paranovus Entertainment Technology Ltd. entered into a sales agreement with AC Sunshine Securities LLC to conduct an at-the-market offering of Class A ordinary shares. The offering is registered under a shelf registration statement on Form F-3, allowing for the sale of up to $194,999,999.75 in Class A ordinary shares. The Sales Agent will receive a 3.5% commission on gross proceeds. Paranovus Entertainment Technology Ltd. operates in the entertainment technology industry.