Jan. 13 at 9:49 PM
$PAVS This agreement means Paranovus received
$123,600 in cash from an insider (Chairwoman's affiliate) for new shares, strengthening its finances; it shows insider confidence, but also involves related-party transactions, potentially creating new voting power for the Chairwoman's group through Class B shares, impacting future control despite premium pricing.
Key Takeaways:
Funding: The company gets
$123,600 cash (
$3.09/share * 40,000 shares).
Insider Investment: The buyer, Happy Group (owned by Chairwoman Minzhu Xu's affiliate), is already an insider, indicating confidence.