Paranovus Entertainment Technology (NASDAQ:PAVS) surges 119% after $33 million Heyviva acquisition, eclipsing company’s market cap

Shares of Paranovus Entertainment Technology surged more than 100% in premarket trading on Thursday. The rally came after the company announced a $33 million cash acquisition of Heyviva assets, an amount close to eight times its equity value at Wednesday’s close.

NASDAQ:PAVS · Stock Market · Technology
Paranovus Entertainment (PAVS) Stock Rockets in Pre‑Market on CEO Report After 18,037% Revenue Surge – December 9, 2025 Update

Paranovus Entertainment (PAVS) Stock Rockets in Pre‑Market on CEO Report After 18,037% Revenue Surge – December 9, 2025 Update

According to Benzinga, Paranovus shares jumped as much as 54.8% to $1.02 in pre‑market trading on Tuesday after a report that the company had named Rich Wheeless as CEO.Benzinga That move comes just four days after Paranovus published interim results showing ~18,037% year‑over‑year revenue growth and a swing to a small profit for the six months ended September 30, 2025.PR Newswire
9 December 2025
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Paranovus Entertainment (PAVS) Stock: 18,037% Revenue Surge, Massive Dilution Tools, and a Race Against Nasdaq’s Clock

Paranovus Entertainment (PAVS) Stock: 18,037% Revenue Surge, Massive Dilution Tools, and a Race Against Nasdaq’s Clock

Paranovus Entertainment Technology Ltd. has just delivered one of the most eye-catching headline numbers on the market: an 18,037% year‑over‑year revenue increase in its latest interim results. At the same time, the stock is trading at only a few cents per share, the company has put a $200 million mixed shelf and a $100 million at‑the‑market program in place, and shareholders have approved reverse stock splits of up to 1‑for‑5,000.
6 December 2025
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