Paranovus Entertainment Tech Signs Promissory Note Agreement
Ticker: PAVS · Form: 6-K · Filed: Mar 14, 2024 · CIK: 1751876
| Field | Detail |
|---|---|
| Company | Paranovus Entertainment Technology Ltd. (PAVS) |
| Form Type | 6-K |
| Filed Date | Mar 14, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: financing, debt-agreement, company-update
TL;DR
Paranovus Entertainment Tech just signed a promissory note purchase agreement on March 12, 2024.
AI Summary
On March 12, 2024, Paranovus Entertainment Technology Limited entered into a promissory note purchase agreement. The company, formerly known as Happiness Development Group Ltd and Happiness Biotech Group Ltd, is incorporated in China and has its principal executive office in Nanping City.
Why It Matters
This filing indicates a new financing or debt arrangement for Paranovus Entertainment Technology, which could impact its financial structure and future operations.
Risk Assessment
Risk Level: low — The filing is a routine 6-K report detailing a standard financial agreement without immediate, significant operational or market-moving news.
Key Players & Entities
- Paranovus Entertainment Technology Limited (company) — Registrant
- March 12, 2024 (date) — Date of agreement
- Happiness Development Group Ltd (company) — Former company name
- Happiness Biotech Group Ltd (company) — Former company name
FAQ
What is the nature of the promissory note purchase agreement?
The filing states that on March 12, 2024, Paranovus Entertainment Technology Limited signed a promissory note purchase agreement, but does not provide specific details about the terms or value of the agreement in this excerpt.
When did Paranovus Entertainment Technology Limited change its name?
The company was formerly known as Happiness Development Group Ltd, with a name change date of November 12, 2021, and prior to that, Happiness Biotech Group Ltd, with a name change date of August 31, 2018.
Where is Paranovus Entertainment Technology Limited's principal executive office located?
The principal executive office is located at No. 11, Dongjiao East Road, Shuangxi, Shunchang, Nanping City, Fujian Province, People's Republic of China.
What is the SIC code for Paranovus Entertainment Technology Ltd?
The Standard Industrial Classification (SIC) code for Paranovus Entertainment Technology Ltd is 7374, which corresponds to SERVICES-COMPUTER PROCESSING & DATA PREPARATION.
Is Paranovus Entertainment Technology Limited required to file annual reports under Form 20-F or 40-F?
Yes, the registrant indicates it files annual reports under cover of Form 20-F.
Filing Stats: 440 words · 2 min read · ~1 pages · Grade level 12 · Accepted 2024-03-14 17:00:15
Key Financial Figures
- $750,000 — romissory note with principal amount of $750,000 (the " Note ") to such Investor on Marc
Filing Documents
- pavs_6k.htm (6-K) — 14KB
- pavs_ex101.htm (EX-10.1) — 33KB
- pavs_ex102.htm (EX-10.2) — 22KB
- 0001929980-24-000053.txt ( ) — 70KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Paranovus Entertainment Technology Limited Date: March 14, 2024 By: /s/ Xuezhu Wang Name: Xuezhu Wang Title: Chief Executive Officer 3