Paranovus Entertainment Tech Signs Promissory Note Purchase Agreement
Ticker: PAVS · Form: 6-K · Filed: May 20, 2024 · CIK: 1751876
| Field | Detail |
|---|---|
| Company | Paranovus Entertainment Technology Ltd. (PAVS) |
| Form Type | 6-K |
| Filed Date | May 20, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Key Dollar Amounts | $0.01, $750,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, financing, debt
TL;DR
Paranovus Entertainment Tech just signed a promissory note purchase agreement on May 20, 2024.
AI Summary
On May 20, 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, Fujian Province.
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 report of a material agreement and does not contain specific financial risks or operational challenges.
Key Players & Entities
- Paranovus Entertainment Technology Limited (company) — Registrant
- May 20, 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 May 20, 2024, Paranovus Entertainment Technology Limited signed a promissory note purchase agreement, but does not provide further details on the terms or value of the agreement.
When was the promissory note purchase agreement signed?
The promissory note purchase agreement was signed on May 20, 2024.
What are the former names of Paranovus Entertainment Technology Limited?
The company was formerly known as Happiness Development Group Ltd and Happiness Biotech Group Ltd.
Where is Paranovus Entertainment Technology Limited's principal executive office located?
The company's principal executive office is located at No. 11, Dongjiao East Road, Shuangxi, Shunchang, Nanping City, Fujian Province, People's Republic of China.
Does Paranovus Entertainment Technology Limited file annual reports under Form 20-F?
Yes, the registrant indicates it files annual reports under cover of Form 20-F.
Filing Stats: 414 words · 2 min read · ~1 pages · Grade level 10.1 · Accepted 2024-05-20 16:15:32
Key Financial Figures
- $0.01 — dinary shares of the Company, par value $0.01 each, representing 63.5% of the total v
- $750,000 — romissory note with principal amount of $750,000 (the " Note ") to Ms. Xu on May 20, 202
Filing Documents
- pavs_6k.htm (6-K) — 13KB
- pavs_ex101.htm (EX-10.1) — 33KB
- pavs_ex102.htm (EX-10.2) — 20KB
- 0001929980-24-000213.txt ( ) — 68KB
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: May 20, 2024 By: /s/ Xiaoyue Zhang Name: Xiaoyue Zhang Title: Chief Executive Officer 3