Paranovus announces 1-for-12 reverse share split; shares down

What: Paranovus has announced a 1-for-12 reverse share split, effective April 1, 2026.
Why: The move aims to increase trading liquidity and make the company's stock more attractive to investors.
Signal: The reverse split may be seen as a positive sign for the company, but could also be a signal of financial struggles.
Target: The split is expected to reduce the number of outstanding shares from **1.2 billion to approximately **100 million**.
Risk: The reverse split may lead to a short-term decline in share price, with some investors selling their shares before the split takes effect.