Earnings summaries and quarterly performance for Perfect Moment.
Research analysts covering Perfect Moment.
Recent press releases and 8-K filings for PMNT.
Perfect Moment Ltd. Amends Preferred Stock Terms and Secures Shareholder Approvals for Capital Structure Changes
PMNT
Convertible Preferred Issuance
Proxy Vote Outcomes
- Perfect Moment Ltd. amended its 12.00% Series AA Convertible Preferred Stock, setting the conversion price at $0.46822 and implementing an automatic conversion into Common Stock effective January 14, 2026.
- On January 14, 2026, stockholders approved the issuance of Common Stock upon the automatic conversion of Series AA Convertible Preferred Stock and the potential issuance of shares to X3 Higher Moment Fund LLC exceeding beneficial ownership limitations.
- The company issued an additional warrant (Warrant 2) to X3 Higher Moment Fund LLC, allowing the purchase of shares up to 19.99% of the outstanding common stock after the Series AA Preferred conversion, less previously issued securities, with an initial exercise price of $0.46822 per Share.
- Stockholders also approved increasing the authorized Common Stock from 100,000,000 to 500,000,000 shares and a reverse stock split at a ratio between 1-for-5 to 1-for-20.
Jan 21, 2026, 10:00 PM
Perfect Moment Ltd. Reports Strong Fiscal Q2 2026 Results
PMNT
Earnings
Revenue Acceleration/Inflection
New Projects/Investments
- Perfect Moment Ltd. reported Q2 2026 revenue of $4.8 million, a 24% increase from Q2 FY25, primarily driven by a 61% rise in wholesale revenue to $4.3 million.
- The company achieved significant profitability improvements, with gross margin expanding to 60.1% (up from 54.0% in Q2 FY25) and total operating expenses decreasing 14% to $4.0 million.
- As a result, the operating loss improved by $1.4 million to $1.1 million, and the Adjusted EBITDA loss improved by $1.2 million to $0.8 million compared to the year-ago quarter.
- Key strategic developments include a global collaboration with H&M launching December 2, 2025, and the opening of a new flagship store in Verbier, Switzerland on November 5, 2025.
- Management anticipates continued revenue growth and improved operating leverage for the Winter 2025-2026 season.
Nov 13, 2025, 9:23 PM
Perfect Moment Ltd. Enters into Equity Purchase Agreement for up to $25 Million
PMNT
- On October 7, 2025, Perfect Moment Ltd. entered into an Equity Purchase Agreement with Mast Hill Fund, L.P..
- Under this agreement, the Company may sell and the Investor may purchase up to $25,000,000 of Common Stock.
- The transaction requires stockholder approval and a second Board of Directors approval to be effectuated.
- Perfect Moment Ltd. also entered into a registration rights agreement and is obligated to file a registration statement with the SEC covering the maximum number of registrable securities within 45 calendar days from the date of the second Board approval.
- The Company has agreed not to enter into any other "Equity Line of Credit" or "Variable Rate Transaction" without the Investor's prior written consent.
Oct 10, 2025, 9:00 PM
Perfect Moment Secures $6.6 Million in New Financing
PMNT
Debt Issuance
New Projects/Investments
- Perfect Moment Ltd. announced the completion of two financing transactions totaling approximately $6.6 million on August 27, 2025, securing funding for FY26 and beyond.
- The financing includes a $5,089,960 loan facility from Chairman Max Gottschalk, bearing 12% interest per annum, in consideration for which Mr. Gottschalk received 652,253 shares of restricted common stock at $0.46822 per share.
- Separately, a strategic equity investment with X Cubed Capital Management involved the sale of 3,172,858 shares of common stock and a warrant to purchase up to 3,204,908 shares of common stock. The per share purchase price and warrant exercise price are each $0.46822, with the Securities sold for an aggregate of $1,485,595.
- The company stated that these financings strengthen its balance sheet and position it to accelerate growth throughout fiscal 2026.
Aug 27, 2025, 12:00 AM
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