Perfect Moment Ltd. ( (PMNT) ) has provided an announcement.
On March 28, 2025, Perfect Moment Ltd. entered into a securities purchase agreement to sell Series AA Convertible Preferred Stock, potentially raising $10 million, with an initial closing on March 31, 2025, yielding net proceeds of approximately $5.89 million. The company announced a $6.4 million private placement of this stock, with key investments from Max Gottschalk and Kahala19, LLC, eliminating all convertible debt. The funds will support strategic growth initiatives, and the company has launched a transformation program under new leadership, focusing on operational efficiency and brand expansion.
More about Perfect Moment Ltd.
Perfect Moment Ltd. is a high-performance luxury skiwear and lifestyle brand that combines technical excellence with fashion-forward designs. Founded in 1984 in Chamonix, France, and relaunched in 2012 by Jane and Max Gottschalk, the brand is known for its adventurous spirit and commitment to quality, style, and performance. It is available globally through major retailers and online platforms.
YTD Price Performance: 18.04%
Average Trading Volume: 198,351
Technical Sentiment Signal: Hold
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