Advertisement|Remove ads.

Shares of Paranovus Entertainment Technology (PAVS) slumped 20% to a record low on Friday after the company announced a reverse share split in a 1-for-12 ratio, its second consolidation in three months.
PAVS stock will begin trading on a reverse-split-adjusted basis on March 31 under the same ticker. The reverse share split will reduce the number of outstanding shares of the company’s Class A Shares to 944,778 from around 11.4 million.
Last December, Paranovus implemented a 1-for-100 reverse stock split to boost its share price to $1.
Get updates to this developing story on Stocktwits.
For updates and corrections, email newsroom[at]stocktwits[dot]com.