Paranovus signs LOI to buy activewear brand owner Jabanero for up to US$20 million

Paranovus Entertainment Technology Ltd. - Class A Ordinary Shares

Paranovus Entertainment Technology Ltd. - Class A Ordinary Shares

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  • Paranovus Entertainment Technology signed a non-binding LOI to buy Jabanero, a holding company for a women’s activewear and lifestyle brand.
  • Deal targets 100% of Jabanero equity for a US$15 million to US$20 million cash purchase price at closing.
  • Final price to be set following financial, legal, and business due diligence, with an independent fairness analysis planned.
  • LOI includes up to a 60-day exclusivity period while the parties negotiate definitive transaction documents.
  • Transaction aims to expand Paranovus beyond digital commerce and livestreaming into proprietary brands and direct-to-consumer products.


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 ACCESS Newswire (Ref. ID: 202606150800ACCESSWRNAPR_____1177125) on June 15, 2026, and is solely responsible for the information contained therein.

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