---
title: "Paranovus Entertainment Technology (PAVS) Stock Rallies Over 34% After Hours: Here's What Is Going On"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295064059.md"
description: "Paranovus Entertainment Technology (PAVS) shares surged over 34% in after-hours trading following the completion of its $33 million acquisition of athletic wear brand Heyviva from Jabanero Inc. The deal, structured as an asset purchase, includes U.S. trademarks and customer data, aiming to create synergies with Paranovus's social commerce business."
datetime: "2026-08-06T05:35:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295064059.md)
  - [en](https://longbridge.com/en/news/295064059.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295064059.md)
---

# Paranovus Entertainment Technology (PAVS) Stock Rallies Over 34% After Hours: Here's What Is Going On

**Paranovus Entertainment Technology Ltd.** (NASDAQ:PAVS) shares jumped 34.26% to $6.59 in after-hours trading Wednesday, following a **Securities and Exchange Commission** filing confirming Paranovus closed its acquisition of the athletic wear brand **Heyviva** from **Jabanero Inc**.

Jabanero is a New York-based consumer brand holding company that specializes in women’s activewear and lifestyle products.

## **Deal Structure Shifts From Original Proposal**

According to the SEC filing, the deal, which closed Wednesday, was structured as an asset purchase rather than the equity acquisition originally proposed in a June letter of intent.

The transaction carries a $33 million aggregate price tag, payable in staged cash installments tied to transfer milestones for trademarks, domains and other assets.

## **Social Commerce Synergies Cited**

Acquired assets include U.S. trademarks, customer data, inventory, and social media accounts, while EU/UK trademark rights remain with Jabanero under a right-of-first-refusal arrangement.

Paranovus said the deal is expected to create synergies with its existing social commerce business.

CEO **Xiaoyue Zhang** signed the filing.

Paranovus Entertainment, a New York-based company focused on AI-driven games and applications, has 857,000 shares outstanding.

## **Trading Metrics, Technical Analysis**

Paranovus has a market capitalization of $4.27 million, with a 52-week high of $148,800 and a 52-week low of $3.77.

The Relative Strength Index (RSI) of PAVS stands at 25.31.

The stock has fallen 99.8% over the past 12 months.

PAVS is currently trading close to its annual low.

**Price Action:** The small-cap entertainment stock closed at $4.91 on Wednesday, up 0.20%, according to Benzinga Pro data.

**Benzinga’s Edge Stock Rankings** indicate that PAVS has a negative price trend across all time frames.

**_Disclaimer:_** _This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors._

**Read Also: ClearOne (CLRO) Stock Soars Over 98% After Hours: Here's What You Need To Know**

_Photo Courtesy: FabrikaSimf on Shutterstock.com_

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