Company: PAVS
Filing Date: 2025-10-28
Form Type: 424B5
Source: 0001929980-25-000683
Chunk: 15

Company: Paranovus Entertainment Technology Ltd.
Filing Date: 2025-10-28
Form: 424B5
Chunk 15
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 us, our pro forma as adjusted net tangible book value as of March 31, 2025 would have been approximately $36.70 million, or $0.55 per share. This amount represents an immediate increase in net tangible book value of $8 million or $0.12 per Ordinary Share as a result of this offering and an immediate dilution of approximately $0.06 per Class A Ordinary Share to investors purchasing Class A Ordinary Shares in this offering.

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The following table illustrates this dilution on a per Class A Ordinary Share basis. The as adjusted information is illustrative only and will adjust based on the actual prices to the public, the actual number of Class A Ordinary Shares sold, and other terms of the offering determined at the times our Class A Ordinary Shares are sold pursuant to this prospectus. The Class A Ordinary Shares sold in this offering, if any, will be sold from time to time at various prices.

| Public offering price per Class A Ordinary Share                                                                                               |     |   |      |     | $ | 0.60 |
| Net tangible book value per Class A Ordinary Share as of March 31, 2025                                                                        |     | $ | 0.43 |     |   |      |
| Increase in pro forma net tangible book value per Ordinary Share attributable to investors purchasing Class A Ordinary Shares in this offering |     | $ | 0.11 |     |   |      |
| Pro forma as adjusted net tangible book value per Class A Ordinary Share after offering                                                        |     |   |      |     | $ | 0.54 |
| Dilution per Ordinary Share to investors purchasing Class A Ordinary Shares in the offering                                                    |     |   |      |     | $ | 0.06 |

The above discussion and table are based on 66,724,675 Class A Ordinary Shares outstanding as of March 31, 2025. To the extent that we grant additional options or other awards under our stock incentive plan or issue additional warrants, or we issue additional Ordinary Shares in the future, there may be further dilution.

In addition, we may choose to raise additional capital due to market conditions or strategic considerations even if we believe that we have sufficient funds for our current and future operating plans. To the extent that additional capital is raised through the sale of equity or convertible debt securities, the issuance of those securities could result in further dilution to the holders of our Ordinary Shares.

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<div align='center'>PLAN OF DISTRIBUTION