Paranovus Entertainment Technology Ltd.
Sector: Services-Computer Processing & Data PreparationIndustry: Medical - PharmaceuticalsCountry: USExchange: Nasdaq
DilutionScan read 18 of Paranovus Entertainment Technology Ltd.'s SEC filings and found 2 warrant series, 7 convertibles, 2 ATM programs, 3 shelf registrations and 7 completed offerings on file for PAVS. The latest dilution event on file is an offering on Jul 2, 2026. Analysis updated Sep 4, 2026.
Signal8 Summary
PAVS
Going-concern warning and massive dilution
Snapshot
Paranovus is a micro-cap shell in severe distress. Revenue collapsed from $23.3 million in 2022 to just $72,000 in 2024, a 98.9 percent drop. The company lost $7.9 million last year and burns $2.7 million in cash annually. With only $5.0 million in cash and $2.4 million in debt, the cash runway is tight at 7.2 months.
What's Happening Right Now
- : The company filed to sell up to $195 million in new shares via an at-the-market offering, a move that could dilute existing holders by over 12,000 percent.
- : Auditor Enrome LLP issued a report raising substantial doubt about the company's ability to continue as a going concern.
- : Paranovus discontinued its AI entertainment projects, including SimTwin and 10,000 Lives, due to performance issues and insufficient funding.
- : The company purchased a $1 million secured convertible note from Knox Golf Academy, gaining the right to appoint a director to Knox's board.
