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Paranovus Entertainment Technology Limited Regains Compliance with Nasdaq Periodic Financial Reports Filing Rule
Prnewswireยท 2025-04-29 13:00
Group 1 - Paranovus Entertainment Technology Limited has regained compliance with Nasdaq Listing Rule 5250(c)(2) as of April 25, 2025, following the submission of its interim financial statements [1][2] - The compliance determination was based on the Form 6-K filed by the Company on April 24, 2025, which disclosed financial results for the six months ended September 30, 2024 [2] - The filing delinquency matter is now closed, indicating a positive resolution for the Company [2] Group 2 - Paranovus focuses on developing AI-powered entertainment products, including AI-driven games and TikTok-related e-commerce solutions [3] - The Company completed the acquisition of controlling equity interests in Bomie Wookoo Inc. in March 2025, enhancing its e-commerce capabilities [4] - As part of its strategic transformation, Paranovus has exited legacy businesses, including e-commerce and advertising, and ceased its automobile sales business [4]