-+ 0.00%
-+ 0.00%
-+ 0.00%

Paranovus buys secured convertible note from Knox Golf Academy for up to US$1 million

PUBT·05/12/2026 20:24:00
Listen to the news
Paranovus buys secured convertible note from Knox Golf Academy for up to US$1 million
  • Paranovus Entertainment Technology purchased a secured convertible promissory note from Knox Golf Academy for up to USD 1 million, funded in two USD 500,000 tranches; first tranche funded on issuance.
  • Note carries 10% annual interest, has a 12-month term, is secured by substantially all Knox assets, includes a pledge of Knox equity, and is guaranteed by Knox controlling shareholder.
  • Paranovus can elect to convert into Knox common stock under a formula tied to qualifying golf course renovation costs, capped at USD 10 million.
  • Paranovus also gained right to appoint one director to Knox board.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Paranovus Entertainment Technology Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001929980-26-000207), on May 12, 2026, and is solely responsible for the information contained therein.