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

Paranovus Entertainment Technology Ltd. (NASDAQ: PAVS) experienced a 53.56% increase in after-hours trading, rising to $0.46, after closing down 3.55% at $0.30 on Monday. This surge follows the company's announcement of the termination of its sales agreement with A.G.P/Alliance Global Partners, which was originally signed on October 28, 2025. The stock has seen a significant decline over the past year, dropping nearly 100% from a 52-week high of $140 to a low of $0.24, and currently has a market capitalization of approximately $1.04 million.