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.
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