Paranovus Prices $10M Registered Direct Offering of 50M Shares at $0.20
PAVS•PAVS•PAVS•PAVS•PAVS entered into a $10 million direct offering of 50 million Class A ordinary shares or pre-funded warrants at $0.20 each. Net proceeds will fund strategic acquisition opportunities in consumer products, wellness, fitness, lifestyle and digital commerce and support general corporate purposes.
Paranovus entered into a definitive agreement to sell 50 million Class A ordinary shares (or pre-funded warrants) at $0.20 per share in a registered direct offering, raising approximately $10 million in gross proceeds prior to offering expenses.
The company plans to use the net proceeds to evaluate and pursue strategic acquisitions in the consumer products, wellness, fitness, lifestyle and digital commerce sectors, while also bolstering working capital and general corporate resources.
The offering is expected to close on or about June 16, 2026, subject to customary closing conditions, under the company’s Form F-3 shelf registration statement declared effective on December 3, 2025.
