Paranovus Entertainment Technology Ltd. has entered into a new debt financing agreement with Chicshak Inc., a New York-based corporation. Under the terms of the promissory note purchase agreement signed on November 14, 2025, Paranovus issued a $300,000 promissory note to Chicshak Inc., bearing a simple interest rate of 8% per annum. The note matures 12 months after issuance and can be prepaid in part or in full before the maturity date. Paranovus plans to use the net proceeds from this financing for general working capital purposes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paranovus Entertainment Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001929980-25-000726), on November 19, 2025, and is solely responsible for the information contained therein.