Perfect Moment receives noncompliance notification from NYSE

Perfect Moment (PMNT) received a notification from the NYSE stating that the company is not in compliance with the minimum stockholders’ equity requirements of Sections 1003(a)(ii) of the NYSE company guide requiring stockholders’ equity of $4M or more if the company has reported losses from continuing operations and/or net losses in three of the four most recent fiscal years. As of September 30, the company had stockholders’ equity of $2.7M and has had losses in its three most recent fiscal years ended March 31.