Paranovus Entertainment slides 30% after announcing 1-for-100 reverse split
Seeking Alpha ·
Paranovus Entertainment ( PAVS ) to implement a 1-for-100 reverse stock split effective June 29, reducing its outstanding Class A ordinary shares to about 856,851. The shares will begin trading on a split-adjusted basis on Nasdaq on June 29 under the existing ticker symbol PAVS. The company said the reverse split is expected to increase the per-share price proportionally, Its stock price slipped 30% on Thursday during pre-market trade. Paranovus signs LOI to buy activewear brand Jabanero for up to $20M Financial information for Paranovus Entertainment Technology Ltd.
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