Why Did PAVS Stock Tank To A Record Low Today?

The company announced a 1-for-12 reverse share split, its second such action in three months.
Paranovus PAVS
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Arnab Paul·Stocktwits
Published Mar 27, 2026   |   10:58 AM EDT
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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.

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