Every 8-K that PERFECT MOMENT LTD (PMNT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow PMNT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full PMNT filings page.
Perfect Moment Ltd. reported fiscal first quarter 2027 results for the period ended June 30, 2026. Total net revenue was $1.2 million, down 21.9% from $1.5 million a year earlier, reflecting the absence of prior-period partnership revenue and lower eCommerce sales as the company shifts toward a full‑price luxury brand model. eCommerce revenue fell 40.2% to $585,000, while wholesale revenue rose 268% to $563,000 as the wholesale channel expanded ahead of the winter season.
Gross profit declined to $627,000 and gross margin softened to 54.5% from 60.3%, mainly due to mix effects. Operating expenses were tightly controlled, edging down 1.4% to $3.9 million. Loss from operations was $3.3 million, compared with $3.1 million a year earlier, but net loss improved to $3.5 million (or $(0.07) per share) from $3.8 million (or $(0.21) per share), aided by a $542,000 reduction in interest expense and finance costs.
Adjusted EBITDA loss increased to $3.1 million from $2.6 million, driven by lower revenue and margin despite cost discipline. On the balance sheet, cash was $0.7 million and total assets were $10.2 million versus total liabilities of $12.2 million, resulting in a stockholders’ deficit of $2.0 million. The company raised $2.0 million through a May 2026 securities purchase agreement and had $6.0 million drawn on its $10.0 million revolving credit facility at quarter‑end, plus a further $1.0 million draw in July 2026.
Perfect Moment Ltd. reported fiscal Q4 and full-year 2026 results showing faster growth and much stronger profitability metrics. Revenue rose 13.4% in Q4 to $5.7 million and 9.8% for the year to $23.6 million, driven mainly by a 42.3% increase in wholesale revenue.
Gross margin expanded sharply to 83.0% in Q4 and 67.6% for the year, helped by supply chain efficiencies, better sourcing and disciplined pricing. Operating expenses fell, so net loss narrowed to $1.6 million in Q4 and $7.1 million for the year, with adjusted EBITDA loss improving to $3.5 million.
The balance sheet shows cash of $1.2 million at March 31, 2026, inventories of $3.9 million ahead of the winter season and a related-party line of credit of $5.1 million. Total liabilities exceed assets, resulting in a small stockholders’ deficit, even after securing $12 million in growth financing during the year.
Perfect Moment Ltd. reported significant leadership changes and a stock exchange move. Chief Financial Officer and Chief Operating Officer Chath Weerasinghe, who also serves as principal financial and accounting officer, has submitted his resignation effective three months after June 11, 2026 in line with Swiss law. The Board is discussing his compensation for this period, with the compensation committee to decide later.
Three non-executive directors — Tim Nixdorff, Berndt Hauptkorn, and Adam Epstein — resigned between June 11 and June 13, 2026. The company states that Nixdorff and Hauptkorn resigned over disagreements with management and the Board about strategic direction, while Epstein resigned over disagreements regarding corporate governance. Their departures affect the Nominating and Corporate Governance, Compensation, and Audit Committees. Perfect Moment also notes that, effective June 18, 2026, its common stock will move from the NYSE American to the OTCQB market.
Perfect Moment Ltd. announced that NYSE American has determined the company no longer qualifies for continued listing after it failed to regain compliance with the exchange’s minimum stockholders’ equity requirements by the end of an 18‑month plan period. Rather than appeal, the board chose to move the stock to the OTCQB tier of the OTC Markets. Trading on NYSE American is expected to be suspended during the week of June 15, 2026, with OTCQB trading under the same ticker, PMNT, beginning immediately afterward. The company will remain an SEC‑reporting issuer and highlights expected savings on exchange fees and a recently secured $10 million revolving credit facility to support its growth plans.
Perfect Moment Ltd. entered into financing arrangements that combine debt, equity, and warrants. The company has a $10,000,000 loan from X3 Higher Moment Fund LLC and Krane Capital, LLC, and in connection with this loan issued X3 warrants to purchase 1,864,753 shares of common stock at $0.46822 per share.
Separately, under a Securities Purchase Agreement with Krane Capital, Perfect Moment issued 6,060,606 shares of common stock at $0.33 per share and Krane warrants to purchase up to 8,276,944 shares at an exercise price of $0.40 per share. Both the X3 and Krane warrants expire on August 27, 2028 and were issued as unregistered securities under Section 4(a)(2) of the Securities Act.
Perfect Moment Ltd. filed a current report after noticing unusual trading activity in its common stock on the NYSE American on April 14, 2026. The company states it has made inquiries and does not believe corrective actions are appropriate.
Perfect Moment also says there has been no material development in its business or affairs that has not already been disclosed, and it is not aware of any other reason that would explain the unusual market action.
Perfect Moment Ltd. entered into a $10,000,000 senior secured revolving loan with X3 Higher Moment Fund LLC and Krane Capital LLC, maturing 24 months from closing and bearing fixed interest of 12.0% per year, plus a 1.50% commitment fee on unused amounts. The loan is guaranteed by key subsidiaries and secured by a first‑priority lien on substantially all assets, with proceeds earmarked to repay promissory notes totaling $5,089,960 to Max and Jane Gottschalk and to fund working capital. In connection with the loan, Perfect Moment will issue X3 warrants to purchase 1,864,753 common shares at $0.46822, expiring August 27, 2028. The company also agreed to sell Krane Capital 6,060,606 common shares at $0.33 per share for $2,000,000 and to issue Krane warrants for up to 8,276,944 shares at $0.40, also expiring August 27, 2028, with a Registration Rights Agreement to register these securities.
Perfect Moment Ltd. disclosed that on March 20, 2026 it entered into a Second Further Amended and Restated Promissory Note with its chairman, Max Gottschalk. This note relates to an earlier unsecured loan of $3,389,960 that carries 12% annual interest, payable monthly.
The new agreement extends the loan’s maturity date from March 23, 2026 to March 31, 2026, giving the company slightly more time before repayment of principal and accrued interest is due. A separate unsecured promissory note for $1,700,000, also bearing 12% interest and maturing on August 18, 2030, remains in place. The change is reported as a direct financial obligation.
Perfect Moment Ltd. disclosed that it entered into a further amended and restated promissory note with its Chairman, Max Gottschalk, on March 6, 2026. This changes the maturity date of a previously issued unsecured promissory note for $3,389,960 from March 9, 2026 to March 23, 2026.
The note, together with an additional unsecured note of $1,700,000, reflects a total of $5,089,960 in loans from Gottschalk that provide working capital to support product purchases and operations, bearing interest at 12% per annum with interest payable monthly.
Perfect Moment Ltd. reported fiscal Q3 2026 results showing its first profitable quarter as restructuring and margin initiatives took hold. Revenue was approximately $11.7 million, roughly flat year over year, but gross margin rose to 64.4% from 54.8%, lifting gross profit to $7.5 million.
Total operating expenses fell to $6.9 million, turning operating income to $583,000 versus a prior loss. Net income was $93,000, and adjusted EBITDA improved to $882,000 from a loss. For the first nine months, revenue grew 8.7% to $17.9 million, gross margin expanded to 62.7%, and net loss narrowed to $5.6 million. The company highlighted wholesale strength, strategic pullback from discounted eCommerce, expanded European manufacturing, new H&M and Alpine F1 collaborations, repayment of short-term borrowings, and a new long-term debt facility that lowered interest expense.
Perfect Moment Ltd. reported several equity and governance actions tied to its January 14, 2026 annual meeting. Stockholders approved changes to its 12.00% Series AA Convertible Preferred Stock, setting the conversion price at $0.46822 and triggering automatic conversion of all 924,921 preferred shares into 11,458,306 common shares as of January 15, 2026. They also authorized a reverse stock split at a ratio between 1-for-5 and 1-for-20 and increased authorized common shares from 100,000,000 to 500,000,000.
The company amended an existing warrant held by X3 Higher Moment Fund LLC to add preemptive rights, a financing proposal matching right, and weighted-average anti-dilution protection, and issued a second warrant sized by a 19.99% ownership formula. Stockholders further approved potential issuances of 20% or more of outstanding common stock under an equity line of credit and under the X3 securities purchase agreement and related warrants.
Perfect Moment Ltd. furnished an update on its business by announcing it issued a press release with financial results for its fiscal second quarter 2026, which ended on September 30, 2025. The press release is included as Exhibit 99.1.
The information under Item 2.02 (Results of Operations and Financial Condition) and Item 7.01 (Regulation FD Disclosure), including Exhibit 99.1, is furnished, not filed, and therefore is not subject to Section 18 of the Exchange Act or incorporated by reference unless specifically stated.
Perfect Moment Ltd. set January 14, 2026 as the date for its 2026 annual meeting of stockholders, to be held in a virtual‑only format. Stockholders of record as of November 21, 2025 may vote.
Key deadlines: Rule 14a‑8 proposals must be received by November 17, 2025. Director nominations or other business under the bylaws are also due by November 17, 2025. To use the SEC’s universal proxy, the Rule 14a‑19 notice must be postmarked or electronically transmitted by November 15, 2025.
Perfect Moment Ltd. (PMNT) entered an amended and restated promissory note with its Chairman, Max Gottschalk, extending the maturity of a previously issued unsecured note. The $3,389,960 note, which bears 12% annual interest with interest payable monthly, now matures on March 9, 2026, revised from November 8, 2025.
As previously disclosed, Gottschalk provided a total of $5,089,960 in loans to support product purchases and operations, comprising this amended note and a separate $1,700,000 unsecured note bearing 12% interest that is due on August 18, 2030. The company filed the amended note as Exhibit 10.1.
Perfect Moment Ltd. disclosed a material event on an 8-K dated October 7, 2025 reporting that it entered into an Equity Purchase Agreement and a Registration Rights Agreement with an investor. The filing lists those agreements as exhibits but does not include financial terms, the investor's identity, or the number of shares to be issued.
The agreements imply the company has arranged an equity financing framework and registration mechanics to allow resale of issued shares, but specific proceeds, dilution, or timing details are not provided in the disclosed text.
Perfect Moment Ltd. updated its corporate bylaws to lower the shareholder quorum needed to conduct business at stockholder meetings. The new rule states that holders of thirty-three and one third percent (33.3%) of the voting power of issued and outstanding shares entitled to vote, present in person or by proxy, now constitute a quorum.
Previously, a quorum required a majority in voting power of the eligible shares. This change makes it easier for meetings to proceed and for proposals to be approved with a smaller portion of the company’s voting power represented. The amendment was approved by the Board of Directors on October 7, 2025, and is documented in a Certificate of Adoption attached as an exhibit.
Perfect Moment Ltd. entered into a Securities Purchase Agreement with X3 Higher Moment Fund LLC on August 27, 2025 to raise new capital through a private placement. The company agreed to sell 3,172,858 shares of common stock and issue a warrant to purchase up to 3,204,908 additional common shares. Both the share purchase price and the warrant exercise price are $0.46822, matching the average closing price over the five trading days before signing. The securities were sold for an aggregate of $1,485,595, providing cash to the company without immediate public registration. The issuance relied on a private offering exemption under Section 4(a)(2) of the Securities Act, and the company entered into a Registration Rights Agreement to later register the shares and the warrant shares.
Perfect Moment Ltd. entered into a financing arrangement with its Chairman, Max Gottschalk, on August 26, 2025. He provided the company with a total of $5,089,960 in loans to fund product purchases and operations. The financing consists of an unsecured promissory note for $3,389,960 at 12% annual interest, with monthly interest payments and all unpaid principal and interest due on November 8, 2025, and a second unsecured promissory note for $1,700,000 at 12% annual interest, with monthly interest payments and a maturity date of August 18, 2030. In connection with these loans, the company issued Mr. Gottschalk $305,398 of restricted common stock at $0.46822 per share, totaling 652,253 shares of restricted stock.
Perfect Moment Ltd. filed a current report to note that it issued a press release announcing financial results for its fiscal first quarter 2026, which ended on June 30, 2025. The detailed numbers and commentary are contained in the press release that is furnished as Exhibit 99.1 to the report. The company is treating this earnings information as “furnished” rather than “filed,” meaning it is not subject to certain liability provisions under federal securities laws. The same furnished treatment applies to the related Regulation FD disclosure under Item 7.01.