NEW YORK, June 15, 2026 (GLOBE NEWSWIRE) -- PAVS (NASDAQ:PAVS) (the "Company"), a consumer products and digital commerce solutions company, today announced that it has entered into a definitive agreement with certain institutional investors for a registered direct offering of an aggregate of 50,000,000 Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) at a purchase price of $0.20 per share. The gross proceeds to the Company from the offering are expected to be approximately $10 million, before deducting offering expenses.

The offering is expected to close on or about June 16, 2026, subject to the satisfaction of customary closing conditions.

The Company intends to use the net proceeds from the offering for evaluating and pursuing strategic acquisition opportunities in the consumer products, wellness, fitness, lifestyle, and digital commerce sectors, and working capital and general corporate purposes.

A.G.P./Alliance Global Partners is acting as the exclusive financial advisor to the Company.

The Class A ordinary shares (or pre-funded warrants to purchase Class A ordinary shares in lieu thereof) are being offered and sold pursuant to a prospectus supplement to be filed with the Securities and Exchange Commission ("SEC") in connection with a takedown from the Company's shelf registration statement on Form F-3 (File No. 333-291788), which was declared effective by the Securities and Exchange Commission ("SEC") on December 3, 2025. The offering is being made only by ...