Paranovus Entertainment regains nasdaq compliance, cancels hearing

Paranovus Entertainment Technology Limited (NASDAQ: PAVS) received notification from the Nasdaq Office of General Counsel on January 6, 2026, stating the company had regained compliance with the minimum bid price requirement under Listing Rule 5550(a)(2).

The notification confirmed Paranovus is now in compliance with Nasdaq Capital Market listing requirements. A scheduled hearing before the Hearings Panel on January 29, 2026, has been cancelled and the matter closed.

The company's Class A ordinary shares will continue trading on the Nasdaq Capital Market under the ticker "PAVS."

Paranovus focuses on e-commerce and TikTok-related e-commerce solutions through its subsidiaries. In March 2025, the company completed acquisition of controlling equity interests in Bomie Wookoo Inc., a New York company offering e-commerce solutions.

As part of its strategic transformation, Paranovus exited legacy businesses including e-commerce, internet information and advertising operations in September 2023, and ceased its automobile sales business in July 2024.

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