Paranovus entertainment technology limited regains compliance with nasdaq minimum closing bid price rule

New york , dec. 31, 2024 /prnewswire/ -- paranovus entertainment technology limited ("pavs" or the "company"), (nasdaq: pavs) announced today that it received a formal notification from the nasdaq stock market llc ("nasdaq") that the company has regained compliance with nasdaq listing rule 5550(a)(2), which requires the company's class a ordinary shares ("ordinary shares") to maintain a minimum bid price of $1.00 per share. the nasdaq staff made this determination of compliance after the closing bid price of the company's ordinary shares has been at $1.00 per share or greater for the last 10 consecutive business days from december 13, 2024, to december 30, 2024.
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