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Paranovus Entertainment Technology Ltd. (NASDAQ:PAVS) announced Tuesday that it has issued a notice of an extraordinary general meeting for holders of its Class B ordinary shares. The company included a proxy card for voting purposes along with the notice. Trading at $0.58, the micro-cap company with a market capitalization of approximately $39 million has seen its stock price fall by nearly 58% year-to-date, according to InvestingPro data.
According to a statement in the SEC filing, the extraordinary general meeting will involve the solicitation of proxies from Class B shareholders. Details regarding the meeting, including the agenda and information about the participants in the proxy process, are provided in the notice attached to the filing.
Paranovus Entertainment Technology, a foreign private issuer, stated that its directors and executive officers may be deemed participants in the proxy solicitation. Information about these individuals is available in documents previously filed with the Securities and Exchange Commission.
Shareholders are encouraged to review the notice as it contains important information about the company and the upcoming meeting. Copies of the notice and related documents are accessible through the SEC’s website and the company’s own website.
This information is based on a press release statement and the company’s filing with the SEC.
In other recent news, Paranovus Entertainment Technology Ltd. has announced an upcoming extraordinary general meeting for its shareholders. The company has filed a notice and proxy card with the Securities and Exchange Commission regarding this meeting. While the specific date, time, and agenda for the meeting have not been disclosed, shareholders are encouraged to consult the notice and proxy materials for more information. These documents are accessible on the SEC’s website, Paranovus Entertainment Technology’s website, or can be requested by mail. This development is part of Paranovus Entertainment Technology’s ongoing efforts to keep its shareholders informed and engaged.
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