Paranovus Shares Surge After Deal Ends

The company’s share price jumped 54% overnight after it ended a key sales agreement. Paranovus had agreed in late October 2025 to sell its Class A shares through an at‑the‑market program under a Form F‑3 filing. On March 18, 2026 the firm notified Alliance Global Partners that it would terminate the arrangement, a decision that took effect on March 22. Since the agreement began, Paranovus has sold about 5. 9 million shares, after a reverse split of one share for every hundred in December 2025.The company focuses on entertainment and technology ventures. Its chief executive, Xiaoyue Zhang, confirmed the termination in a Form 6‑K filing. Paranovus now trades at roughly $1. 04 million in market value, with a yearly range from 24 cents to $140 per share. Analysts note that the stock’s momentum and value rankings are not publicly disclosed. Investors should consider how ending the sales program may affect liquidity and future pricing.