Why Paranovus (PAVS) Stock Shot Up 54% Overnight?

Paranovus Entertainment Technology Ltd. (NASDAQ: PAVS) saw its stock price increase by 53.56% in after-hours trading, closing at $0.46 after a previous decline of 3.55% to $0.30. This surge follows the company's announcement of terminating its sales agreement with A.G.P/Alliance Global Partners, effective March 22, 2026. Over the past year, the stock has experienced a significant drop, from a 52-week high of $140 to a low of $0.24, and currently has a market capitalization of approximately $1.04 million.