Paranovus Entertainment Enters Note Purchase Agreement
Ticker: PAVS · Form: 6-K · Filed: Oct 3, 2024 · CIK: 1751876
| Field | Detail |
|---|---|
| Company | Paranovus Entertainment Technology Ltd. (PAVS) |
| Form Type | 6-K |
| Filed Date | Oct 3, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Key Dollar Amounts | $500,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt, financing, material-agreement
TL;DR
Paranovus inked a note deal with its chairwoman, Minzhu Xu, on Sept 30.
AI Summary
On September 30, 2024, Paranovus Entertainment Technology Limited entered into a promissory note purchase agreement with Ms. Minzhu Xu, the company's chairperson. This agreement involves the purchase of a promissory note, though specific dollar amounts and terms are not detailed in this filing.
Why It Matters
This transaction indicates a financial arrangement between the company and its chairperson, potentially impacting the company's capital structure or debt obligations.
Risk Assessment
Risk Level: low — The filing reports a standard financial agreement without immediate negative indicators.
Key Players & Entities
- Paranovus Entertainment Technology Limited (company) — Registrant
- Ms. Minzhu Xu (person) — Chairperson and party to the agreement
- September 30, 2024 (date) — Date of agreement
FAQ
What is the principal amount of the promissory note purchased?
The filing does not specify the principal amount of the promissory note.
What are the terms of the promissory note purchase agreement?
The filing refers to a 'promissory note purchase agreement' but does not detail its specific terms.
What is the interest rate on the promissory note?
The interest rate for the promissory note is not disclosed in this filing.
What is the maturity date of the promissory note?
The maturity date of the promissory note is not provided in the filing.
What is the purpose of this promissory note purchase agreement?
The purpose of the agreement is not explicitly stated in the provided text.
Filing Stats: 369 words · 1 min read · ~1 pages · Grade level 11.3 · Accepted 2024-10-03 16:15:28
Key Financial Figures
- $500,000 — romissory note with principal amount of $500,000 (the " Note ") to Ms. Xu on September 3
Filing Documents
- pavs_6k.htm (6-K) — 13KB
- pavs_ex101.htm (EX-10.1) — 32KB
- pavs_ex102.htm (EX-10.2) — 21KB
- 0001929980-24-000461.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: October 3, 2024 By: /s/ Xiaoyue Zhang Name: Xiaoyue Zhang Title: Chief Executive Officer 3