Perfect Moment (PMNT) announces $6.4 million private placement
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Perfect Moment Announces $6.4 Million Series AA Convertible Preferred Stock Private Placement
April 1, 2025 8:31 AM EDTNew Capital Supports Strategic Growth; Company Eliminates All Convertible Debt
LONDON--(BUSINESS WIRE)-- Perfect Moment Ltd. (NYSE American: PMNT) (Perfect Moment or the Company), the high-performance luxury skiwear and lifestyle brand, today announced that it has closed a private placement financing of approximately $6.4 million of its newly created 12% Series AA Convertible Preferred Stock. The 1,723,989 shares of Series AA Convertible Preferred Stock are convertible into shares of common stock at a fixed price of $1.1601 per common share.
Participants in the offering include Max Gottschalk, co-founder and chairman of Perfect Moment, who... More
